Deputy Finance Minister Krisada Chinavicharana expressed concerns that the government’s revenue collection for fiscal 2024 might not surpass the target, unlike the 174 billion baht (US$4.8 billion) surplus witnessed the previous year. This was announced at the Outstanding Revolving Fund Award event held yesterday.
The government has projected an expenditure budget of 3.48 trillion baht (US$96 billion) for fiscal 2024, with an anticipated revenue of 2.73 trillion baht (US$75 billion). This creates a budget deficit of 693 billion baht (US$19 billion). The deputy finance minister voiced concerns over the high revenue projection amidst an expected decrease in GDP growth, which is predicted to fall below the previously estimated 3.8%, reported Bangkok Post.
The National Economic and Social Development Council (NESDC) recently revised the GDP growth…
