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Income tax

Government Revenue Collection Falls Short of Target by 0.7% in First Eight Months of Fiscal 2025

Strategic Insights

— 1 min read

The government's net revenue collection for the first eight months of fiscal 2025 was 1.70 trillion baht, a 0.7% shortfall from the targeted amount. Despite this, the collected revenue was 28.8 billion baht or 1.7% higher than the same period last year. The shortfall was mainly due to weaker collections from vehicle excise tax, corporate income tax, and import-related value-added tax. The Revenue Department, Excise Department, and Customs Department all collected less than their targets, while state-owned enterprises and other government agencies exceeded their revenue targets.

Key Takeaways:

  • The government's net revenue collection for the first eight months of fiscal 2025 was 1.70 trillion baht, a 0.7% shortfall from the targeted amount.
  • The collected revenue was 28.8 billion baht or 1.7% higher than the same period last year.
  • The shortfall was mainly due to weaker collections from vehicle excise tax, corporate income tax, and import-related value-added tax.
  • The Revenue Department collected 1.353 trillion baht, 0.6% below target.
  • The Excise Department collected 354 billion baht, 10.6% less than the target.
  • The Customs Department gathered 75.8 billion baht, 7.1% below target.
  • State-owned enterprises contributed 130 billion baht in revenue to the government, exceeding their target by 21.5%.
  • Other government agencies that generate revenue and must remit it to the state contributed 137 billion baht, surpassing their target by 14.7%.
  • The Finance Ministry plans to monitor and manage revenue collection to strengthen the country's fiscal position and support the implementation of government policies.

Statistics:

  • Revenue collection for the first eight months of fiscal 2025: 1.70 trillion baht
  • Targeted revenue collection: 1.70 trillion baht + 12.7 billion baht = 1.723 trillion baht
  • Actual revenue collection vs. target: -0.7% or 12.7 billion baht
  • Revenue collection in the same period last year: 1.70 trillion baht - 28.8 billion baht = 1.6712 trillion baht
  • Amount by which revenue collection exceeded the same period last year: 28.8 billion baht
  • Percentage increase in revenue collection over the same period last year: 1.7%

Sources:

  • Finance Ministry report, "Government Revenue Collection for the First Eight Months of Fiscal 2025"

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