The Latest Breaking News from The Finance Ministry

The Finance Ministry reported government revenue collection for the first seven months of fiscal 2023 (October to April) exceeded the target by 112 billion baht, mainly contributed by agencies other than the Revenue Department, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

The business sector is calling for the new government to appoint appropriate leaders to take the helm at economic ministries, in particular the Finance Ministry, as they want to see the country progress without interruption amid several internal and external challenges.

Statistically, it is often observed that after a general election, the stock index experiences a significant jump, reflecting the heightened confidence of investors once the political scene becomes clearer.

The finance ministry has exempted imports of crude soya bean and sunflower oil from basic customs duty and agriculture infrastructure and development cess till June 30, subject to certain conditions.

Brazil's executive secretary of the Finance Ministry, Gabriel Galipolo - who is due to be nominated for a key role at the country's central bank - said on Tuesday he has good relations with central bank Governor Roberto Campos Neto but does not always agree with him.

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.

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.

The DST exercise is part of a larger project initiated by the Centre to reduce the number of autonomous institutions funded by various Ministries.

The Finance Ministry has lowered its 2023 economic growth outlook to 3.6% from 3.8% projected earlier, on expectations of a fall in exports as global demand weakens.

The Islamic Bank of Thailand (IBank) aims to reduce its non-performing loans (NPLs) to 8 billion baht this year, from the current level of 13 billion baht, by helping its major corporate customers restructure their debt, says the bank's president Thaweelap Rittapirom.

Germany is planning to spend 26.6 billion euros ($29.09 billion) on refugees this year, about 3 billion euros less than the year before, the Finance Ministry confirmed to Reuters on Wednesday.