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Thailand: Gov’t reaches Bt349 bn fiscal deficit for 11 months

  • Sep 18, 2019
The government has accumulated a Bt348.97 billion fiscal balance deficit for the first 11 months of the fiscal year 2019 (October 2018 to August 2019), the Fiscal Policy Office and Ministry of Finance report.

The government has received Bt2.309 trillion in revenue for the 11-month period, Lavaron Sangsnit, the director–general of the Fiscal Policy Office and the Ministry of Finance spokesperson, said. 

Government disbursements were Bt2.7 trillion. To finance the deficit, the government has borrowed Bt348.978 billion, thus leaving a treasury reserve of Bt512.27 billion at the end of August 2019.

Source: https://www.nationthailand.com/business/30376354