First-half revenue misses target | Bangkok Post: business

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First-half revenue misses target

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State revenue collections fell in the first six months of fiscal 2014 but the country's fiscal position remains strong, according to the Finance Ministry. 

Revenue collections were down 5.6% year-on-year to 923.78 billion baht from October 2013 to March 2014, said Somchai Sajjapongse, director-general of the Finance Ministry's Fiscal Policy Office.

The major cause was lower auto excise tax collections as demand slowed after the government's first-time car buyer scheme ended. The base last year was also padded by the one-time revenue from the 3G 2.1-gigahertz frequency auctions of 20.84 billion baht.

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