State enterprise revenue still exceeds target

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BANGKOK, 9 August 2011  – The State Enterprise Policy Office (SEPO) has reported that revenue collections from state enterprises since the beginning of 2011 fiscal year (1 October 2010) until July 2011 exceeded the target by over 10.789 billion baht. 

According to SEPO Director Somchai Sujjapongse, revenue collections from state enterprises in which the Ministry of Finance holds less than 50% of their shares in July 2011 alone were about 4.633 billion baht.

Top revenue generators were the Port Authority of Thailand with 1.467 billion baht, the Government Lottery Office with 1.120 billion baht, the Metropolitan Waterworks Authority with 773 million baht, the Provincial Electricity Authority with 688 million baht and the Industrial Estate Authority of Thailand with 445.71 million baht.

State enterprises sent a total of 84.439 billion baht in revenue to the state coffer from 1 October 2010 to 30 April 2011. The sum was 10.789 billion baht higher than the projected revenue collection of 73.650 billion baht throughout the 2011 fiscal year.

Mr Somchai said the SEPO is determined to add value for state enterprises and improve the standard of their service to uplift the quality of life of Thai people. He said the SEPO has been coordinating with state enterprises regularly to find appropriate development strategies that will bring fast concrete results.