Ministry of Finance: Weekly Update

Day 2,675, 11:31 • Published in Thailand Norway • by Major Lee Hung


Overview

Revenues from Thailand are approximately 20kcc across the week. Malaysia is also bringing in significant revenue for us. Revenue growth is currently behind target, though this will quickly recover towards the end of March.

Our growth is slowed by a slow rise in the average wage, which is keeping our work tax revenue down. Sales have remained steady and consistent indicating low production/export of finished goods.

Workforce

We're currently at 20 employees in our foreign workforce. 130 vacancies remain. Work presence is consistent at 120%.

Wages will remain the same next week at 75.40cc.

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Recommendations

-Import duty on raw materials of 7%. Our markets are being flooded with foreign WRM at an increasing rate due to strong domestic demand, putting eThailand's producers at a disadvantage. This will generate over 210cc in tax per day.

Next Week's Activity

-Export of 50,000 Q7 tanks through eThailand's market. Expected tax revenues are 11,000cc from this activity.
-Triple the foreign workforce, generating hundreds extra cc in tax per day, both directly and indirectly.
-The Ministry of Finance will continue the weekly purchase of 1,000,000 per week from our markets to encourage economic growth.