Average borrowing costs of KTB have been stable in 2025

In 2025, revenue as a percentage of GDP is projected to ... while expenditure as a percentage of GDP is also increase, mainly due to a revenue rebound driven by CIT expected to increase, reflecting fiscal stimulus measures Source: Ministry of Economy and Finance; AMRO staff estimates Source: Ministry of Economy and Finance; AMRO staff estimates The fiscal deficit, excluding SSFs, is estimated to rise slightly from 4.1 percent of GDP in 2024 to 4.3 percent of Fiscal balance incl. SSF Change in fiscal balance excl.SSF Source: Ministry of Economy and Finance; AMRO staff estimates The fiscal deficit, excluding SSFs, is budgeted at 4.1 Source: Ministry of Economy and Finance; AMRO staff estimates Source: Ministry of Economy and Finance; AMRO staff estimates