Pandemic pauses plans for higher revenue collection
Finance Minister Arkhom Termpittayapaisith has expressed concerns over how a continuous drop in tax revenue collection will affect fiscal policy conduct in the long run.
As the government aims to implement a long-term fiscal expansionary policy framework, the lower revenue collection as a percentage of GDP is an impediment, said Mr Arkhom.
The revenue collection-to-GDP ratio previously stood at around 18%, but has now dropped to 14%, he said.
Wichit Chantanusornsiri
