The skyline with twilight is photographed during sunset in Bangkok, Thailand, May 15, 2025. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) -Thailand's cabinet on Tuesday approved a 3.788 trillion baht ($116.7 billion) budget plan for the 2027 fiscal year, government spokesperson Siripong Angkasakulkiata said.

The budget plan unveiled last week will see a budget deficit of 788 billion baht, or 3.9% of gross domestic product.

The plan projects a 0.2% rise in spending and a 8.37% drop in the deficit for the 2027 fiscal year starting on October 1, 2026.

($1 = 32.46 baht)

(Reporting by Orathai Sriring, Kitiphong Thaichareon, Thanadech Staporncharnchai; Editing by David Stanway)