The Finance Ministry has proposed a package of 10 tax reforms that are expected to generate more than 435 billion baht in additional annual revenue, with the objective of ensuring that government revenue remains sufficient to accommodate increasing public expenditure in the future.
According to the ministry's latest fiscal risk report, if no action is taken to increase government revenue, the ratio of government revenue to GDP could fall below the current level of 15% of GDP, said a ministry source who requested anonymity.
