Arkhom says focus is fiscal disciplineFinance Minister Arkhom TermpittayapaisithThe government is focusing on maintaining financial and fiscal discipline after undertaking massive borrowing, says Finance Minister Arkhom Termpittayapaisith. Thailand is accelerating the disbursement of investment budget and focusing on maintaining fiscal discipline, said Mr Arkhom. The government still has room to borrow the remaining 70 billion baht under the second emergency loan decree, which allotted a total of 500 billion baht to mitigate the impact of the prolonged pandemic. Most of the revenue was contributed by the Revenue Department, which collected 853 billion baht for the period, up 15.6% year-on-year. The Excise Department collected net revenue of 276 billion baht, down 1.8% year-on-year and 5.8% less than had been estimated.

Source: Bangkok Post April 22, 2022 10:01 UTC