State enterprises' revenue remittance exceeded the target by 1% for fiscal 2019, with the Government Lottery Office (GLO) contributing the most income to state coffers.
State enterprise remittance for the last fiscal year, which ended Sept 30, amounted to 169 billion baht, outpacing the target by 1.16 billion baht, said Prapas Kong-Ied, director-general of the State Enterprise Policy Office (Sepo).
He said state enterprises' income remittance is targeted at 188 billion baht for fiscal 2020.
To achieve the target as a means of sustaining fiscal stability, Sepo will focus on improving revenue collection efficiency and encouraging state enterprises' effectiveness, Mr Prapas said.
Charnwit Nakburi, deputy director-general at Sepo, said the 10 state enterprises with the highest income contributions in fiscal 2019 were the GLO at 41.9 billion baht, national oil and gas firm PTT at 29.2 billion baht, the Electricity Generating Authority of Thailand at 18.9 billion baht, Government Savings Bank at 16.5 billion baht, the Provincial Electricity Authority at 10.9 billion baht, Airports of Thailand at 10.5 billion baht, GH Bank at 5.65 billion baht, the Bank for Agriculture and Agricultural Cooperatives at 5.58 billion baht, the Metropolitan Electricity Authority at 5.5 billion baht and the Port Authority of Thailand at 4.76 billion baht.
State enterprises have modernised their management processes by adopting technology and innovations to improve operational efficiency and meet the public's demands, Mr Charnwit said.
The 10 highest remittances from state enterprises accounted for 88% of overall revenue remittance for fiscal 2019, he said.
For investment disbursement, 45 state enterprises with investment budgets doled out 170 billion baht in the first 11 months of fiscal 2019, or 80% of the withdrawal plan.
