Govt revenue up 5 per cent in the first two months of fiscal year 2020
The government’s net revenue in the first two months of the current fiscal year -- October to November -- rose 4.7 per cent year on year to Bt413.6 billion, Lavaron Sangsnit, director-general of the Fiscal Policy Office, said on Wednesday. The revenue was 1.6 per cent higher than the target, he said.
The Excise Department collected Bt107.4 billion, jumping 36.8 per cent. But the Revenue Department saw its tax collection down by 8.1 per cent to Bt252.4 billion compared to the corresponding period last year. Customs Department revenue fell by 12.1 per cent to Bt17.4 billion. However, remittances from state-owned enterprises totalled Bt67.9 billion, up 12.4 per cent. Government budget disbursement in the two months was Bt 549.5 billion.
Treasury reserves stood at Bt340.8 billion.
