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Finance Ministry revises down revenue projections.
(From The Nation (Thailand))
Byline: The Nation.
The Finance Ministry has revised down its government revenue projections for the next fiscal year starting October from Bt1.476 trillion as previously estimated to Bt1.4 trillion, largely as a result of the economic slowdown, a source said.
Previously the ministry predicted gross domestic product (GDP) growth next year of about 5 per cent.
However, the latest economic indicators suggest it will expand by only 3.5 to 4 per cent next year, while the rate of inflation is expected to be about the same, said the source.
The ministry, however, said that GDP would be higher in the next …
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