Thai govt revenue exceeds forecast in 2022 amid economic recovery after Covid-19 battering

BANGKOK, Sept. 22 (Xinhua): Thailand's government revenue amounted to 2.26 trillion baht (US$60.46 billion) during the first 11 months of fiscal year 2022, 5.5 per cent above the forecast, in an emerging sign of economic recovery, a government spokesperson has confirmed.

During the period between October 2021 and August 2022, the government revenue expanded 6.8 per cent from one year earlier, which has shown an emerging sign of economic recovery and signaled that the government's supportive measures are on the right track and relevant with the situation, acting government spokesperson Anucha Burapachaisri said.

Continued recovery of the country's tourism sector also contributed to the revenue increase, Anucha said.

The South-East Asian country's economy grew 2.4 percent year on year in the first half of 2022, and is expected to further recover this year.

Thailand received 5.2 million tourists from January to Sept. 21 this year, a government official said on Friday.

Tourism revenue was recorded at 212 billion baht ($5.68 billion) in the same period, said a spokesperson for the government's Covid-19 taskforce, citing official tourism data. Tourism is a key driver of Thailand's economy, reports Reuters

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Thailand , Ecomony , Rising High


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