State revenue collection beats quarterly target by B1.62bnFiscal Policy Office director-general Pornchai ThiravejaThe government's revenue collection for the first three months of fiscal 2024 exceeded its target by 0.3%, or 1.62 billion baht, says Fiscal Policy Office director-general Pornchai Thiraveja. Revenue collection was lower than the previous year due to special revenue in the revenue base of the previous year. Excluding special revenue of 36.2 billion baht from the base of the previous year, revenue collection was 3.3% higher than the same period of last year. When combined with a deficit outside the budget framework of 112 billion baht, the budget deficit increased to 708 billion baht. The government seeks to borrow 624 billion baht to deal with the budget deficit, which has been reduced to 84 billion baht.

Source: Bangkok Post February 13, 2024 12:26 UTC