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Fiscal fundamentals remain ‘solid’

Premier upbeat on economic recovery

Motorcyclists fill up their tanks at a PTT petrol station. The government says revenue collection from most state units rose this fiscal year, but excise collection missed estimates because of the diesel excise tax cut. (Photo: Chanat Katanyu)

Thailand’s financial and treasury fiscal fundamentals remained solid in the first eight months of fiscal 2023, with revenue collection exceeding the government’s target by up to 122 billion baht.

According to government spokesman Anucha Burapachaisri, Prime Minister Prayut Chan-o-cha remains confident the country’s economy is continuing to recover, with a robust financial and fiscal status given net revenue collection from…

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