The government forecast fiscal 2023 net revenue of 2.49 trillion baht, up from an outlook of 2.4 trillion baht in fiscal 2022. Mr Pornchai said the Revenue Department, Customs Department and state enterprises all expect higher revenue next year, in line with the improving economy and growing trade. The government set next year's expenditure at 3.18 trillion baht, with a deficit of 695 billion baht. The Revenue Department's revenue collection in the period was 117 billion baht higher than its target, which offset the Excise Department's lower than expected collection. The Customs Department's revenue collection in the same period surpassed its target by 5%, or 2.92 billion baht, while state enterprises' revenue surpassed their target by 3%, or 2.68 billion baht.

Source: Bangkok Post June 13, 2022 04:57 UTC