Revenue collection rises 4% in first four months of Fiscal 2018 

  • Thai bank employee counts bundles of Thai baht banknote at Krung Thai bank in Bangkok on October 18, 2010. A tidal wave of speculative money is pouring into Asia and driving up regional currencies, stoking political tensions in the run-up to crunch summits as nations raise the barricades to protect exports. AFP PHOTO/PORNCHAI KITTIWONGSAKUL / AFP PHOTO / PORNCHAI KITTIWONGSAKUL

The Ministry of Finance says revenue collection in the first four months of Fiscal 2018 (October- January) has soared to 730 billion baht.

This represented a 4% increase or 28.38 billion baht higher than it projected.

Significant factor contributing to increased revenue collection was attributed to higher contribution to government coffer by state enterprises, according to the ministry’s inspector general Ms Kulaya Tantitemit.

The highest revenue contribution came from state enterprises, which contributed 12.994 billion baht higher than projected, followed by other government agencies (12.747 billion baht), and Excise Department (1.251 billion baht), she said.

The ministry also expected increased revenue collection in the remaining months of the year as the economy remains  upbeat.