Showing 1 - 10 of 40
Budget for elderly welfare ballooning
Business, Wichit Chantanusornsiri, Published on 17/09/2025
» The budget for elderly welfare has surged, reaching 365 billion baht in fiscal 2026, which is 50% higher than 10 years ago, reflecting Thailand's transition to an ageing society, according to the Budget Bureau.
No time to wait for Thai fiscal reform
Oped, Wichit Chantanusornsiri, Published on 17/09/2025
» The daunting mission of the four-month-old government led by Prime Minister Anutin Charnvirakul is to revive an economy that has been sluggish for a long time. Can the Anutin government deliver? After all, tackling "bread-and-butter" issues requires fiscal sustainability.
Revenue collection lags pre-Covid level
Business, Wichit Chantanusornsiri, Published on 06/05/2025
» The government's revenue collection remains below the pre-Covid period and lower than that of emerging economies, according to the Fiscal Policy Office (FPO).
VAT mulled for firms with less revenue
News, Wichit Chantanusornsiri, Published on 02/05/2025
» Finance Minister Pichai Chunhavajira on Thursday floated an idea of collecting value-added tax (VAT) from businesses with an annual income below 1.8 million baht to boost state income and reduce budget deficits.
Call for Thai budget rejig
Business, Wichit Chantanusornsiri, Published on 16/04/2025
» Last year, for the first time in a decade, Thailand surpassed Malaysia in the IMD World Competitiveness Center's global rankings, coming in second in Southeast Asia behind Singapore, which retained the top spot at the regional level and was ranked as the world's most competitive economy.
Tax reform in the limelight
Business, Wichit Chantanusornsiri, Published on 01/01/2025
» In 2025, a key government policy to monitor is tax reform initiatives recently floated by Finance Minister Pichai Chunhavajira.
Ministries to upgrade welfare database
Business, Wichit Chantanusornsiri, Published on 22/10/2024
» The Finance Ministry and the Social Development and Human Security Ministry are preparing to jointly improve the database of government welfare systems provided to all citizens to ensure greater transparency in terms of data and reduce the number of bogus applicants.
Budget delay blamed for slow public investment
Wichit Chantanusornsiri, Published on 02/10/2024
» The government under-invested in the previous fiscal year because the budget was passed so late, according to the Comptroller General’s Department (CGD).
State salaries and benefits face scrutiny
Business, Wichit Chantanusornsiri, Published on 23/09/2024
» The Comptroller-General's Department, the Budget Bureau and the Office of the Civil Service Commission (OCSC) are considering how to reform salaries and benefits in all government sectors.
Official backs negative income tax concept
Business, Wichit Chantanusornsiri, Published on 09/09/2024
» Finance permanent secretary Lavaron Sangsnit has voiced his support for the negative income tax (NIT) scheme, which would provide welfare payments to workers, also known as workfare, when their income falls below a specified threshold.