Government likely to propose budget deficit target of THB 380bn in FY 2012.

By bne IntelliNews January 21, 2011
Thailand's government has set an initial budget deficit target of THB 380bn for the 2012 fiscal year starting October 1. As reported by Dow Jones International News, Deputy Prime Minister Trairong Suwannakhiri stated that revenue is forecasted at THB 1.9trn, while expenses are estimated at THB 2.28trn for the next fiscal year. The government is targeting a budget deficit of THB 420bn for the current fiscal year, but the actual deficit is expected to be smaller as revenue collection in the first fiscal quarter has exceeded the target by around THB 40bn due to improving economic conditions.

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