The Bank of Thailand (BOT) said that as of January 1, gross international reserves totaled US$225.486 billion.
From $216.632 billion in December, foreign exchange reserves increased by 4%, according to government spokesman Anucha Burapachaisri.
The international reserves, he continued, might be deployed right away if needed, for example, to offset a poor balance of payments position or as a tool to stabilize the currency rate.
According to the spokesman, Prayut was also encouraged by the Finance Ministry’s report that its revenue during the first four months of the fiscal year 2023, from October to January, had exceeded the target.
According to Pornchai Thiraveja, director-general of the Fiscal Policy Office, revenue for the first four months of this year was 866.643 billion baht, 12.3% more than the objective and 10% more than it was at the same time last year.
The official noted that the combined revenue of the Revenue and Customs departments for the first four months of fiscal 2023 was 820.825 billion baht, which was 45.646 million baht or 5.9% more than the objective.
According to Anucha, the prime minister places a high focus on resolving the nation’s economic problems and preserving its financial stability.
“The prime minister is convinced that economic measures being collaboratively carried out by all relevant government institutions would revitalize Thailand’s economy.”
The Energy Ministry had earlier forecast a 4% growth in Thailand’s GDP for this year.
