If Thailand’s revenue in fiscal 2022 exceeds the government target, the Finance Ministry will spend the excess money on easing people’s living costs, says the ministry’s permanent secretary Krisada Chinavicharana.
He said a tax reduction could be one method of easing the people’s financial burden.
The government collected net revenue of 911 billion baht during the first five months of fiscal 2022, surpassing the target by 46 billion.
Thailand set an expense target of 3.11 trillion baht and a revenue goal of 2.4 trillion for fiscal 2022.
Mr Krisada said the cabinet is set to consider some new measures on March 22 to cushion the impact of rising oil prices.
He said the government has a sufficient budget to deal with the oil price situation.
Mr Krisada said it was too early to determine whether the government will launch phase 5 of the “Khon La Khrueng” co-payment…
