PUBLISHED : 13 May 2025 at 06: 50
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An illustration depicts the tax time concept. The Finance Ministry has vowed to focus more seriously on revenue collection.
Tax reform to increase government revenue must be seriously pursued to enhance fiscal strength, says finance permanent secretary Lavaron Sangsnit.
According to Mr Lavaron, this year the Finance Ministry must address the direction for tax reform, with efforts to increase government revenue expected within a month.
He said that if the government could collect revenue equivalent to 18% of GDP, it would allow it to begin formulating a balanced budget after more than 20 years of operating with budget deficits.
Government revenue collection currently totals 15.5% of GDP, which is lower than previous levels of around 17% o
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