Ministry of Finance opened the 5-year plan to balance the statement. Increased revenue 17%

Mr. Areepong Pruchaoom Permanent Secretary, Ministry of Finance said. A balanced budget within five years of government policies that now have not spoken clearly needs to be restructuring. What a tax to increase government revenue. Is a preliminary assessment that Government expenditures during the next 5 years, totaling 10 trillion or 2 trillion per year as expenditure. The salaries of government officials. Free education policy. Care cost agricultural crops. Social Security Fund. National Savings Fund (Uoc.) while revenue was estimated from the result of tax and non tax The delivery of revenue from state enterprises. Asset Management Department of the Treasury and the Department of Lands.

By evaluating the degree of expansion of the Gross Domestic (GDP) at 5% per annum will need investment of about two billion baht in the next 5 years by excluding the investments of the state again. 1.5 billion baht to develop transport infrastructure. Support capabilities of the severe competition. Transport goods and people and tourists. Including irrigation, water management, which remains outside the Thai agricultural areas irrigated lot. The yield was still lower than the neighbors.

"To provide administrative expenditure and revenue in balance and level. The collection of revenue should be at the state level, 17% of GDP, which is still a little lower. We need to see the master plan tax Department stores and 3 Department that is what Currently, it is more common during the Fiscal Policy Office (FPO) and the Department of Revenue, including expenditure management to do the unnecessary. Investment is also required to recognize that Which part of the government will invest directly Investment by state enterprises. Or the nature of joint ventures between public and private (PPP) in the right format, "said Ari Pong said.

Mr. Satid Rungkasiri Revenue Department said that on November 29 Dental Revenue public hearing was held. To receive comments from stakeholders from the negotiating framework of the Convention or. Agreement for Avoidance of Double Taxation of the present Convention or agreement with Thailand. To the avoidance of double taxation with 54 countries, with more complex issues of tax structure. And state enforcement of laws that vary between the parties, Thailand.

In addition to the negotiations with the developed countries within the framework. Standard OECD. Meanwhile, developing countries have to follow the framework of the United Nations The new round of negotiations with countries from the new contract is necessary to consider the framework of negotiations on each issue as a standard in the box. Thailand in conjunction with the framework of international organizations such as OECD and the UN to integrate well.

"After this, the negotiation of international agreements made by the Department of Revenue. Will be based on new standards and directions to the Convention, they help remove barriers and tax issues that overlap. Help facilitate the investment. Have a positive impact on the economy and trade between countries within the framework which is acceptable to all parties will provide the framework for negotiation and success easily. The development of innovative joint beneficial to the nation and country. Parties are preparing an agreement.
,Mr. Satid Said.