Govt’s financial status remains healthy

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BANGKOK, 27 April 2011  – The Fiscal Policy Office (FPO) has reported that the financial status of the government remains healthy with the revenue collection of over 780 billion baht in the first half of the 2011 fiscal year. 

According to FPO Director Naris Chaiyasoot, revenue collection for the first six months of the 2011 fiscal year from October 2010 to March 2011 stood at 784.567 billion baht, up 100.453 billion baht or 14.7% year-on-year, thanks to the continuously expanding economy.

The combined amount of revenue sent by the Departments of Revenue, Excise and Customs as well as state enterprises to the state coffer hence was rising continuously. Meanwhile, the twin disasters in Japan and the southern flood in Thailand had a slight impact on the revenue collection in general.

Budget disbursement was recorded at 1.159 trillion baht, up 24.1% year-on-year or 225.150 billion baht. The government thus had a budget deficit of 374.597 billion baht. After combined with the off-budget deficit of 53.944 billion baht, the total cash deficit was at 428.541 billion baht.

The government had borrowed 113.605 billion baht to compensate the cash deficit, so the total deficit after loan stood at 314.936 billion baht. The treasury reserve at the end of February 2011 was 114.386 billion baht.