Thai Government Falls Short of Revenue Target by 2.7%
The Thai government missed its revenue target for the first seven months of fiscal year 2024 by 2.7%, equivalent to 39.1 billion baht. Between October 2023 and April 2024, revenue collection amounted to 1.39 trillion baht, mainly due to a significant reduction in excise taxes on diesel oil and petrol.
The Thai government's revenue for the first seven months of fiscal year 2024 fell short by 2.7%, or 39.1 billion baht, according to the Fiscal Policy Office (FPO).
From October 2023 to April 2024, the government collected 1.39 trillion baht in revenue, falling short of the projected target.
The primary reason for this shortfall was attributed to the Excise Department losing approximately 20 billion baht monthly due to reduced excise taxes on diesel oil and petrol, as stated by FPO director-general Pornchai Thiraveja.
From October 2023 to April 2024, the government collected 1.39 trillion baht in revenue, falling short of the projected target.
The primary reason for this shortfall was attributed to the Excise Department losing approximately 20 billion baht monthly due to reduced excise taxes on diesel oil and petrol, as stated by FPO director-general Pornchai Thiraveja.
