Finance Minister Korn Chatikavanij Saturday insisted that the government will have enough cash to pay salaries of government officials and finance on-going projects although the treasury reserve dropped to Bt52 billion.
He said the Finance Ministry has several tools for cash management so the government would not become cash-strapped.
The permanent secretary for Finance Ministry disclosed on Friday that the treasury reserve dropped to Bt52 billion at the end of December.
Korn said the government would receive huge amounts of cashes from taxes in May. (Nation)
You know already that taxes revenues are going down (read my article).
Now… what about the gvt’s employees wages ?
As for the “huge amount of cash” scheduled for may… Yes, it’s corporate taxes (may and september).
But Korn is a clown because he relies on a ressources that is going down, and will continue to do so… Businesses will make less and less profits.
As for the other ressources, they are decreasing too (personal income taxes, VAT, etc. Read my article).
State coffers are empty.
And it’s going to get worse.
The best proof : they want to borrow money… abroad (read here).