State enterprises' income remittance is expected to surpass its target by 20 billion baht this fiscal year, making it likely state revenue for this fiscal year will exceed its target if the goal takes hold.
Remittances from state-owned enterprises between October last year and August outpaced the target by 24.2 billion baht or 19% to 150 billion, said Prapas Kong-Ied, director-general of the State Enterprise Policy Office (Sepo).
In August alone, state enterprises sent 4.14 billion baht to government coffers.
The full-year target has been set at 126 billion baht.
The top five income contributors were the Government Lottery Office at 36.6 billion baht, the Electricity Generating Authority of Thailand at 20.8 billion, PTT Plc at 17.5 billion, Government Savings Bank at 17.3 billion, and the Provincial Electricity Authority at 11.8 billion, said Sepo spokesman Chanvit Nakburee.
The five contributed 30.9% of state enterprises' income remittance.
State enterprise income played a role in helping the government's net revenue collection exceed its target for the 10 months through July, while revenue collected by the three tax-collecting agencies -- the Revenue Department, the Excise Department and the Customs Department -- fell short of their target.
The government amassed 2.03 trillion baht from October to July, exceeding the target by 67.3 billion or 3.4%, and rising 6.3% from a year earlier.
The fiscal 2018 revenue collection target is 2.45 trillion baht, while the annual budget is 2.9 trillion, leaving a deficit of 450 billion (excluding the 150-billion-baht supplementary budget).