The Thai economy demonstrates strong recovery and active imports as the Thai government’s net income during the first two-thirds of fiscal 2023 has surpassed projections by 122 billion baht, revealed Fiscal Policy Office Director-General, Pornchai Thiraveja, 42 years old.
Between October 2022 and May 2023, the Thai government raked in a total of 1.64 trillion baht, which is an 8% surge from the previous year’s growth rate of 4.9%. This leap also exceeded the target set by them by 122 billion baht, boosting the Thai economy.
The revenue surge in the Thai economy can be traced to multiple sources, as explained by the tech and marketing whizz. The largest contributor was the Revenue Department of the country, amassing 1.3 trillion baht – this was 134 billion baht more than the original target, marking an 11.5% rise, and a 4.4% increment…
