Bangkok--24 May--Ministry of Finance
Ms. Kulaya Tantitemit, Inspector General of the Ministry of Finance and Ministry of Finance's Spokesman, announced the government fiscal balance for the first 7 months of fiscal year 2018 (October 2017 - April 2018). The government has received 1,287,270 million baht in revenue. The government budget disbursement was at 1,844,576 million baht. To finance such deficit, the government has borrowed 334,818 million baht. Therefore, the treasury reserve at the end of April 2018 was at 277,869 million baht.
Ms. Kulaya concluded, "Budget disbursement for the first 7 months of fiscal year 2018 was higher than the same period last year, which continued to support the Thai economy, while the government still managed the treasury reserve at the appropriate level to support budget disbursement in the future."
Government's Fiscal Balance on Cash Basis Report: The First 7 months of Fiscal Year 2018
Unit:Million Baht
7 Months Change(%yoy)
2018 2017 Amount Percent
1.Revenue 1,287,270 1,200,750 86,520 7.2
2.Expenditure 1,844,576 1,822,843 21,733 1.2
3.Budgetary Balance (557,306) (622,093) 64,787 10.4
4.Non Budgetary Balance (23,401) (8,371) (15,030) (179.5)
5.Cash Balance(3+4) (580,707) (630,464) 49,757 7.9
6.Deficit Financing 334,818 360,282 (25,464) (7.1)
7.Cash Balance after Financing(5+6) (245,889) (270,182) 24,293 9.0
8.Treasury Reserve 277,869 171,118 106,751 62.4
Source: Comptroller General's Department and Fiscal Policy Office
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