The looming fiscal storm clouding the skies of Thailand’s economic landscape for 2025 seems to be quite the conundrum for financial wizards. Finance Permanent Secretary Lavaron Sangsnit, presumably wearing his most pensive tie, has announced a rather troubling forecast. It appears that revenue collection for the government’s fiscal year 2025 is likely to miss its target, mirroring the unpredictability of today’s modern economy. From the outset of October 2024 stretching through to May 2025, net revenue sat at a somewhat impressive 1.7 trillion baht. While this figure sounds grand, it lurks a minor, pesky shortfall of 12.7 billion baht, a mere 0.7% shy of their envisioned target. Still, there’s a silver lining; this amount delightfully glistens with a 1.7% increase compared to the same period from the previous year—optimists, rejoice! The Finance Ministry remains valiant in its quest to navigate the choppy fiscal seas towards their beacon of hope, a…
