Collection surpasses target in first 7 monthsThe government's revenue collection in the first seven months of fiscal 2022 surpassed its target by 3.7% as a result of the expansion of product import volume, in line with the economic recovery, says Pornchai Thiraveja, director-general of the Fiscal Policy Office. He said the Revenue Department's collection during the period exceeded the target because of higher collection from personal and corporate income tax. The government's net revenue collection in the first seven months of fiscal 2022 stood at 1.27 trillion baht, exceeding the target by 45.8 billion baht or 3.7%. The Excise Department collected 320 billion baht, down 3.3% year-on-year or 11.1 billion baht, while the Customs Department collected revenue of 61.7 billion baht, up 4.8% year-on-year or 2.83 billion baht. The government projected expenses of 3.1 trillion baht in fiscal 2022, with a revenue target of 2.4 trillion baht.

Source: Bangkok Post May 26, 2022 07:39 UTC