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Monday, May 6, 2024

Government outperforms revenue goals

Big leap in first eight months of fiscal 2023

The Revenue Department — the country’s largest tax collection department — collected 1.30 trillion baht, exceeding the target by 134 billion baht, or 11.5%, which was 4.4% higher than the corresponding period last year.

Government revenue for the first eight months of fiscal 2023 exceeded its target by 122 billion baht as a result of economic recovery and active imports, says Fiscal Policy Office director-general Pornchai Thiraveja.

Mr Pornchai said the government collected net revenue of 1.64 trillion baht for the first eight months of fiscal 2023 (October to May), exceeding the target by 122 billion baht, an increase of 8%, up from 4.9% growth in…

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