The Latest Breaking News from Finance Ministry

Arkhom targets balanced budget with tax reforms

The Finance Ministry aims to achieve a balanced budget in a decade by improving its tax collection efficiency and expanding the tax base, says Minister Arkhom Termpittayapaisith.

Bangkok Post · Jan 24, 2023

Ministry to pilot utility bill data sandbox

The Finance Ministry will test in a sandbox the use of utility bill data by small and medium-sized enterprises (SMEs) to support their applications for new loans from state-owned financial institutions, said Chuenchob Kongudom, vice-minister to the Prime Minister.

Bangkok Post · Jan 23, 2023

Fiscal status unfazed by continued tax discount

The Finance Ministry is confident the cabinet's decision to extend the diesel excise tax cut by another four months will not affect the country's fiscal status as net revenue collection for fiscal 2023 is expected to exceed the target, says Deputy Finance Minister Santi Promphat.

Bangkok Post · Jan 17, 2023

Ghana again extends domestic debt exchange registration deadline

Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in order to "secure internal approvals" from the financial sector, the Finance Ministry said in a statement late on Saturday.

Reuters · Dec 25, 2022

New Year govt gift bonanza

The government will roll out a package of stimulus measures as "New Year gifts", including tax rebates for shoppers, reductions in land and building taxes, and property transaction fees to boost public consumption and the economy over the coming year.

Bangkok Post · Dec 20, 2022

State agencies prep new 'gifts'

Government agencies including the Finance Ministry are expected to propose measures to ease the cost of living for consumers and businesses, aiming to stimulate domestic consumption via "New Year's gifts", for cabinet consideration on Tuesday, says a ministry source who requested anonymity.

Bangkok Post · Dec 19, 2022

Govt to mull more stimuli for New Year

The Finance Ministry will on Tuesday submit to the cabinet for consideration a series of economic stimulus packages to boost consumer spending during the New Year period, a ministry source said.

Bangkok Post · Nov 28, 2022

Over 40 trillion yen sought for 5-year defense plan

Defense spending is planned to be set at more than 40 trillion yen in the next five-year defense program from fiscal 2023, according to sources.

The Japan News/Yomiuri · Nov 27, 2022

B60bn savings-bond issue planned

The Finance Ministry plans to sell 60 billion baht worth of government savings bonds next month to help finance the budget deficit, the Finance Ministry said on Thursday.

Bangkok Post · Nov 24, 2022

Ministry pushes new savings fund

The Finance Ministry is pushing for a mandatory provident fund intended to be a savings reserve for employees nationwide after voluntary provident funds were found to be inadequate.

Bangkok Post · Nov 24, 2022