Treasury Revenue Surges to 1.5 Trillion Baht in 7 Months

Thansettakij•Economy•2h ago

Reader Briefing

Thailand's treasury revenue exceeded targets by 31.3 billion baht in the first seven months of the fiscal year 2026, driven by strong VAT collection and Vayupak Fund dividends.

•Government revenue for the first seven months of fiscal year 2026 reached 1,506,360 million baht, exceeding the target by 31,314 million baht.
•Key drivers for revenue growth include increased domestic VAT collection and dividend payouts from the Vayupak Fund.
•Despite revenue growth, the government had a budget deficit of 1,046,653 million baht, financed by borrowing.
•The Ministry of Finance reported a strong liquidity position with a treasury balance of 286,846 million baht at the end of April 2026.

Overview

•For the first 7 months of the fiscal year 2026 (October 2025 - April 2026), government revenue collection remained strong.
•The government collected a net revenue of 1,506,360 million baht, exceeding the target by 31,314 million baht (2.1%).
•The increase in revenue was 5.4% higher than the same period in the previous year.
•Growth in domestic Value Added Tax (VAT) collection, reflecting ongoing economic activity and consumption, supported revenue.
•Dividend payments from Vayupak Fund I and improved performance from some state-owned enterprises contributed to higher revenue.
•Despite revenue growth, the government incurred a budget deficit of 1,046,653 million baht.
•The government borrowed 719,129 million baht to cover the budget deficit.
•As of April 2026, the government's treasury balance stood at 286,846 million baht, an increase of 13.8% from the previous year, indicating stable liquidity.

Full article content is available on the original source.

Read on Thansettakij (Thai Version)View in Google Translate

Source: Thansettakij (Original)

Key Entities

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government body responsible for financial and treasury matters in Thailand.

Vayupak Fund I(กองทุนรวมวายุภักษ์ หนึ่ง)

An investment fund that contributed dividend income to the Thai government's revenue.

Revenue Department(กรมสรรพากร)ℹ️

The Thai government agency responsible for collecting income tax and other internal taxes.

Excise Department(กรมสรรพสามิต)ℹ️

The Thai government agency responsible for collecting excise taxes on specific goods and services.

Customs Department(กรมศุลกากร)ℹ️

The Thai government agency responsible for collecting customs duties on imported and exported goods.

Law

Value Added Tax(VAT)ℹ️

A key tax on the consumption of goods and services in Thailand, contributing significantly to government revenue.

Timeline

October 2025 - April 2026(ตุลาคม 2025 - เมษายน 2026)

The specific time frame within the fiscal year 2026 that revenue collection data covers.