Ekniti backs sin tax changes

Finance Minister Ekniti Nitithanprapas has officially endorsed a proposal to restructure the allocation of sin tax revenues. The plan involves terminating the current practice of earmarking these funds for four specific organizations, instead redirecting approximately 14 billion baht annually into the central national budget.

Ekniti stated that the proposed shift is intended to improve fiscal management and aligns with the requirements of the State Fiscal and Financial Disciplines Act. By centralizing these funds, the government aims to enhance oversight and consolidate revenue streams within the national financial framework.