Thailand's state revenue 10% higher than targeted
By English News



BANGKOK, May 18 – The Thai government realised net revenue of Bt127.581 billion last month, 9 per cent higher than its earlier estimate of Bt10.585 billion, a Finance Ministry spokesman reported.

Somchai Sajjapong said the revenue came mainly from personal income and auto sales taxes.

Collections of personal income tax was Bt3.728 billion, 13.9 per cent higher, due to expanded household income, and Bt3.434 billion, 33.2 per cent higher, from auto sales tax mainly from the government’s first-car purchase scheme, he said.

He added that contributions from state enterprises were Bt9.518 billion, 77.1 per cent, higher than earlier forecast.

In the first seven months of the 2013 fiscal year (Oct 2012-April 2013), the government’s net revenue was Bt1.1 trillion which was Bt104.426 billion, some 10.4 per cent higher than the target, and 16.2 per cent higher than the corresponding period in the previous fiscal year.

However, the Revenue Department’s tax refunds were Bt18.542 billion higher than earlier estimated.

The Revenue Department collected Bt821 billion tax in the first seven months of the current fiscal year, Bt42.164 billion or 5.4 per cent higher than the target while the Excise Department collected Bt268.5 billion tax, higher than the target by Bt24.462 billion or 10 per cent.

The Customs Department’s tax collection in the first seven months was Bt67.6 billion, higher than the target by Bt455 billion or 0.7 per cent.

The contribution from state enterprises was Bt72.6 billion which was Bt15.2 billion or 26.7 per cent above the target while other state agencies collected combined revenue of Bt100.5 billion, which was Bt41.854 billion or 71.4 per cent above the target.

The Revenue Department’s tax refund totalled at Bt174.9 billion, which was Bt18.542 billion or 11.9 per cent higher than originally projected. (MCOT online news)


-- TNA 2013-05-18

The Thai government realised net revenue of Bt127.581 billion last month, 9 per cent higher than its earlier estimate of Bt10.585 billion, a Finance Ministry spokesman reported.

Obviously there is something wrong with my calculator. It comes up with different figures than this.

The Thai government realised net revenue of Bt127.581 billion last month, 9 per cent higher than its earlier estimate of Bt10.585 billion, a Finance Ministry spokesman reported.

Obviously there is something wrong with my calculator. It comes up with different figures than this.

Your calculator has no white lie factor installed.

Why is there no usual photo of the captured thief?

I love creative arithmatic

None of the figures seem to match, logic in sentences missing. One can only hope the figures and sentences were mangled by the reporter and not an accurate translation of the statement by the government.

None of the figures seem to match, logic in sentences missing. One can only hope the figures and sentences were mangled by the reporter and not an accurate translation of the statement by the government.

The Thai government realised net revenue of Bt127.581 billion

last month, 9 per cent higher than its earlier estimate of Bt10.585

billion

looks like "journàsslist" reporting not mentioning additional context figures.

The forecasts have been so wrong you got to wonder how they were making them.

Maybe the original readership doesn't have a grasp of basic maths? Or maybe it's the level of maths taught in Thai schools?

The Thai government realised net revenue of Bt127.581 billion last month, 9 per cent higher than its earlier estimate of Bt10.585 billion, a Finance Ministry spokesman reported.

Obviously there is something wrong with my calculator. It comes up with different figures than this.

Guessing that the word "of" should in fact be "by" - reading : "....9 per cent higher than its earlier estimate by Bt10.585 billion"

Then it would be mathematically correct. Often these newspaper articles are so diffiicult to understand, usually it's not the figures that are incorrect but it's the journalists poor writing and understanding of the subject.

But the fact that their revenue is 9% higher than forecast is probably because they take so long to refund tax returns!

The Thai government realised net revenue of Bt127.581 billion last month, 9 per cent higher than its earlier estimate of Bt10.585 billion, a Finance Ministry spokesman reported.

Obviously there is something wrong with my calculator. It comes up with different figures than this.

Guessing that the word "of" should in fact be "by" - reading : "....9 per cent higher than its earlier estimate by Bt10.585 billion"

Then it would be mathematically correct. Often these newspaper articles are so diffiicult to understand, usually it's not the figures that are incorrect but it's the journalists poor writing and understanding of the subject.

But the fact that their revenue is 9% higher than forecast is probably because they take so long to refund tax returns!

why spoiling a nice Thai bashing opportunity with a logical assumption?

Not really appropriate to suggest stupidity regarding this matter, because it might be nothing more than a printing error.