Revenue collections in the first ten months of Fiscal 2011 (from October 2010 to July 2011) exceeded the target by about 179 billion baht, according to the Fiscal Policy Office (FPO).
FPO Director Dr Naris Chaiyasoot reported that the state revenue collection in July was below the target by 2.332 billion baht or 2.2% due to lower diesel excise collection which was 7.592 billion baht lower than the target.
Meanwhile, revenue collections by the Department of Revenue and the Department of Customs in July 2011 were higher than the target by 6.158 billion and 843 million baht respectively.
As for revenue collections for the first ten months of Fiscal 2011, a total of 1.490 trillion baht was collected, which exceeded the estimate by 179.159 billion baht or 13.7%. The figure also rose by 9.9% year-on-year.
Revenue collections from the Departments of Revenue, Excise, and Customs as well as other agencies and state enterprises were all higher than their projected targets by 145.207, 15.399, 10.277, 7.598 and 10.789 billion baht respectively.
Considering the revenue collection so far and the continuously expanding economy, the Ministry of Finance voiced its confidence that the state revenue collections this year would hover around 1.85 trillion baht, higher than the earlier target of 1.65 trillion baht.