Permanent Secretary of the Treasury explains 3 reasons why government income for 7 months is lower than target
Permanent Secretary of the Treasury explains the reason: Government income for the first 7 months of the 2567 budget is lower than the target of 3.9 billion baht due to measures to reduce oil taxes. Measures to support EV cars and domestic car sales shrink Accelerate year-end revenue collection to reach target
Mr. Lawan Saengsanit, Permanent Secretary of the Ministry of Finance Revealed that the results of government revenue collection in the first 7 months of fiscal year 2567 that were 3.9 billion baht lower than the target came from
- Measures to reduce taxes on oil, which will bring in approximately 2.4 billion baht in revenue.
- Policy to promote electric vehicles (EV) by reducing excise tax collection on EV vehicles to support the use of EV vehicles and to be able to compete with combustion vehicles.
- Declining domestic car sales The automobile tax accounts for 1 in 5 of the Excise Department's revenue collection.
by from Measures to promote EVs and declining domestic car sales Resulting in a loss of approximately 1 billion baht in revenue for the Excise Department.
“The loss of revenue from the Excise Department is not due to reduced tax collection efficiency. But it comes from government measures. Meanwhile, other departments' revenue collection is still according to estimates. At the end of the year, we will try to meet the target. Other departments may collect additional revenue, such as collecting taxes on imported products priced less than 1,500 baht, which is expected to bring back billions of baht in revenue.”
Mr. Lawan also revealed In the case where the government approves the additional budget limit for fiscal year 2567 in the amount of 1.22 billion baht: This budget will be classified as an additional budget that must be combined with the fiscal year 2567 expenditure budget set at 3.48 trillion baht, making the fiscal year 2567 expenditure budget approximately 3.60 trillion baht.
“Making an additional 2567 expenditure budget of 1.22 billion baht will make the 2567 budget, previously set at 3.48 trillion baht, larger. The reason for having to make this additional budget comes from managing the financial resources of the digital wallet project in the 2567 budget, but using the Act. Transferring the budget takes a long time. The Ministry of Finance must therefore study how much additional budget can be made within the framework of the law, which is the maximum that can be made at 1.22 billion baht. It is good that this money is a new sum of money that can be used to stimulate the economy to the fullest extent.”
This Additional budget of 1.22 billion baht. When calculating the budget deficit limit according to the Fiscal and Fiscal Discipline Act, there will also be an additional budget deficit limit.
“We calculate that the budget deficit is 20% of 3.48 trillion baht, making the deficit borrowing gap close to full. But when there is an additional budget, 1.22 billion baht must be included as well. That is, the deficit does not exceed 20% of 3.6 trillion baht, which will allow for additional deficit limits. Confirm that everything is in accordance with the budget process and the Act. Fiscal discipline”
Mr. Chulaphan Amornvivat, Deputy Minister of Finance Revealed that revenue collection of the 3 tax departments in fiscal year 2567 is expected The Revenue Department and Customs Department will be able to collect revenue in line with the target, while the Excise Department is expected to collect revenue below the target.
“From the perspective of the government, in the past the estimation of revenue collection according to the Act The budget has never been correct for a year. There are ups and downs, depending on the situation and state mechanisms. Right now, the trend is that the Excise Department will not collect revenues that meet the target. But missing the target does not affect the government's work. because he missed the target a little We have a mechanism for managing the budget that will be managed in accordance with the law. There is nothing to worry about.”
This Results of net government revenue collection during the first 7 months of fiscal year 2567 (October 2566 - April 2567) show that the government collected net revenue of 1,386,040 million baht, lower than the estimate according to budget documents of 39,102 million baht or 2.7%. The Excise Department collected revenue lower than expected. Because there is a measure to reduce the tax rate on diesel fuel. and gasoline In addition, automobile tax collection is significantly lower than expected.
by net government income The collection was similar to the same period last year. However, the net government revenue collection base was in the same period last year. Had a total of 53,130 million baht in special income, excluding such special income. Net government revenue will be 4.5% higher than the same period last year.
