Funds returned to government

Funds returned to government
The Nation (19 October 2007)

The 50 state enterprises remitted a total of Bt86 billion in revenue to the state in fiscal 2007 ended September 30, says the State Enterprise Policy Office.

The remittance is up 11.6 per cent from the previous fiscal year. Areepong Bhoocha-oom, director-general of the State Enterprise Policy Office, said the remittance was expected to rise to Bt98.65 billion this fiscal year. Among all state enterprises, those in the energy sector contributed the highest portion, worth Bt36.3 billion, followed by those in the service/commerce sector and the financial sector. The latter two remitted Bt12.8 billion and Bt9.4 billion, respectively. Leading the way was the Electricity Generating Authority of Thailand with Bt20 billion, Bt4.3 billion above target. Trailing closely were the Government Lottery Office, which remitted Bt12.7 billion, and PTT with Bt8 billion. At the end of last month, 17 large-sized state enterprises had reimbursed Bt168 billion or 52.73 per cent of their combined budget investment of Bt318.8 billion. It is expected that at the end of December, the reimbursement will increase to Bt226.7 billion or 68 per cent.