The Finance Ministry plans to withdraw 30 billion baht from Treasury reserves to pay tax rebates for first-car buyers, a source says.
The ministry had set aside only 7 billion baht of its own funds to be returned to first-car buyers, the source said yesterday. However, about 1.2 million cars were bought under the first-car scheme _ many more than forecast _ with tax rebates estimated at almost 100 billion baht.
The rebates will be paid as one-time payments to individual car owners, with 38 billion baht to be paid in the 2013 fiscal year.
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