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FORGOTTEN HISTORY: Fiscal policy office - Caught on Camera

Government revenue for the first eight months of fiscal 2023 exceeded its target by 122 billion baht as a result of economic recovery and active imports, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

Ministry sets targets for tax reform

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

Targeted approach utilised for aid

The Finance Ministry has continued to maintain its targeted fiscal policy, including the provision of financial aid directly to specific groups, helping the country save on budget spending, says Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

Bangkok Post

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New tax reduction for land and buildings comes into effect

A 15% reduction in the land and building tax has taken effect, says Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

Bangkok Post

Thai consumption keeps increasing amid recovery

Private consumption improved in January, according to the Fiscal Policy Office's director-general Pornchai Thiraveja.

Bangkok Post

Talks aimed at quashing Ponzi fraud

The Department of Special Investigation (DSI) and the Finance Ministry have discussed methods to strengthen their efforts to prevent Ponzi schemes, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

State revenue exceeds goal by B130bn

The government's net revenue in fiscal 2022 hit 2.53 trillion baht, exceeding its target by 130 billion baht, or 5.4%, said Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

Bangkok Post

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State revenue collection beats target

The government's revenue collection during the first 11 months of fiscal 2022 surpassed its target by 117 billion baht, according to the Fiscal Policy Office.

Bangkok Post

Govt relief schemes 'inject B5.73bn'

Over 20 million people have taken part in the latest instalments of the government's financial relief programmes in the first three days of September, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

Bangkok Post

Latest co-payment phase gains positive response

Phase 5 of the co-payment scheme, which opened for the first day of registration on Friday, saw an overwhelming response from the public, said Pornchai Thiraveja, director-general of the Fiscal Policy Office.

Bangkok Post

Apec to focus on loans for SMEs

The Asia-Pacific Economic Cooperation (Apec) finance ministers' meeting will focus on giving small and medium-sized enterprises (SMEs) better access to loans via digital channels, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

FPO expects rising government revenue

The Finance Ministry's projection of higher government revenue in fiscal 2023 is in line with the economic recovery, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

Collection surpasses target in first 7 months

The government's revenue collection in the first seven months of fiscal 2022 surpassed its target by 3.7% as a result of the expansion of product import volume, in line with the economic recovery, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

Bangkok Post

FPO on a mission to tackle high debt, limit borrowing

The Fiscal Policy Office (FPO) plans to discourage financial institutions from enticing consumers to unnecessarily create more debt as part of its efforts to curb high household debt levels over the long term.

Bangkok Post

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Bangkok Post

Consumption surges, but Ukraine hits confidence

The Thai economy last month recorded growing private domestic consumption, especially for durable items, alongside support from export growth, according to Fiscal Policy Office adviser Wuttipong Jittungsakul.

Bangkok Post

Feathering the nest egg

The Fiscal Policy Office (FPO) will continue to push for a national pension fund law to ensure employees in the formal system have sufficient savings for retirement, says director-general Pornchai Thiraveja.

Bangkok Post

Omicron fears hit Thai consumer confidence

The country's private consumption slowed in January month-on-month because of concern about the surge in Omicron infections, says Fiscal Policy Office deputy spokesman Wuttipong Jittungsakul.

Bangkok Post

Stimulus scheme tipped to pump in B396bn

The four phases of the government's "Khon La Khrueng" co-payment subsidy scheme are expected to inject almost 400 billion baht into the economy, according to Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

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Bangkok Post

2022 economic growth view at 4%

The Fiscal Policy Office (FPO) has maintained its average forecast for Thai economic growth this year at 4%, mainly as a result of recovering domestic consumption and the tourism sector, says the office's director-general Pornchai Thiraveja.

Bangkok Post

Draft targets resolution of retirement fund shortages

The Finance Ministry is studying a plan to separate the retirement fund from the Social Security Fund and seek ways to more efficiently and flexibly promote the retirement fund, especially in terms of management, says Warotai Kosolpisitkul, an adviser to the Fiscal Policy Office.

Bangkok Post

Apec session to focus on carbon credits, tax

The carbon tax and carbon credit markets will be major topics of discussion at the finance ministers' meeting at the Asia-Pacific Economic Cooperation (Apec) summit in Thailand this year, says Fiscal Policy Office adviser Warotai Kosolpisitkul.

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