According to Pornchai Thiraveja, director-general of the Fiscal Policy Office, net government revenue during the first nine months of the 2023 fiscal year (October 2022 – June 2023) amounted to 1.96 trillion baht, 7.5% higher than the budget target and 5.2% above the same period of the previous year.
The main contributing agency and the one that exceeded expectations was the Revenue Department from the collection of corporate income tax, value-added tax, and personal income tax. Other government agencies also had additional revenue that was not included in the budget estimate, such as proceeds from state enterprises, revenue from telecommunication concessions, excess profits from the sale of government bonds to offset the budget deficit, and surplus funds returned from the previous year.
The Customs Department’s revenue was also higher than expected due to higher import values,…
