Thailand’s government has announced that it has exceeded its revenue target for 2023 by 150 billion Thai baht in the first ten months of the fiscal year. The Revenue Department collected 1.73 trillion baht, surpassing its target by 10.6%, while the Customs Department exceeded its target by 21%. However, the Excise Department fell 18.4% below its anticipated amount. Despite these variations, the Finance Ministry remains optimistic about surpassing the target revenue of 2.49 trillion baht for fiscal 2023. The government will borrow to cover the 695-billion-baht deficit. The 2024 Budget Expenditure Act may be delayed under the caretaker government.
Meta Data: {“keywords”:”Thailand, revenue target, government, deficit”}
Source link