Treasury Eyes 14 Billion Baht Revenue Target, Boosted by New Land Valuations

Khaosod•Economy•1d ago

Reader Briefing

The Treasury Department anticipates reaching a 14 billion baht revenue target by year-end, driven by increased efficiency in rent collection and updated land valuations, with further income from upcoming auctions and property sales.

•The Treasury Department is aiming for a 14 billion baht revenue target by the end of the year.
•Higher revenue is attributed to more efficient rent collection and new land valuations.
•Additional income is expected from special revenue in June and ongoing sales of state property.
•The department is also preparing to auction 40 plots of state land, including prime locations.

Overview

•The Treasury Department is targeting 14 billion baht in revenue by the year-end, exceeding previous expectations due to strong performance.
•Increased efficiency in collecting rental income from state property and more realistic land valuations are key drivers for the higher revenue.
•The updated land valuations have contributed an additional 1 billion baht to revenue.
•An estimated 800 million baht in special revenue is expected next month (June), though details are undisclosed.
•The Treasury Department has been selling 43 plots of state property since February 2025, with 3 plots already sold and 40 remaining.
•An auction for 40 plots of state property, including land near Iconsiam and old shophouses, is planned, with starting bids at 300,000 baht, potentially fetching over 10 times that amount.
•40 plots of state land are currently open for lease auctions.
•This performance indicates a significant improvement in the management and monetization of state-owned land assets.

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Key Entities

Organization

Treasury Department(ธนารักษ์)

The Thai government organization responsible for managing state property and revenue collection in this article.

Place

Iconsiam(ไอคอนสยาม)ℹ️

A landmark shopping mall in Bangkok mentioned as a location adjacent to state land being offered for lease.

Timeline

February 2025(ก.พ. 68)

The month and year when the sales of state property began.

June(มิ.ย.)

The month in which an additional 800 million baht in special revenue is expected by the Treasury Department.