Treasury targets massive increase in revenue growth

The Treasury Department is aiming for a leap in its revenue growth, targeting a 20% increase in 2026, compared to the current average annual revenue growth rate of 3%.

- WICHIT CHANTANUSORNSIRI

According to Ekniti Nitithanprapas, director-general of the Treasury Department, one approach to increasing the department's revenue is to maximise underused land with high potential, be it state land under the supervision of various government agencies or unused or vacant land directly overseen by the Treasury Department, which altogether amounts to as much as 1 million rai.

The department plans to shift from the traditional concession-based investment model to a revenue-sharing system, allowing the government agencies supervising state land and property to benefit from the development.

This change is intended to incentivise agencies to release underutilised land for development.