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Data Revision: Thailand - Government finances
Wednesday, 13 Nov 2019 15:32 ET
By Kelli Johnson
Summary
November 2019 -- For headline central government finances for Thailand, we have applied revisions back to 2013, and recalculated our supplements (six quarterly series impacted).
Detail

Motivation: Our pertinent national source for Thailand, the Ministry of Finance, publishes revenue, expenditure and balance ("net lending [+] / net borrowing [-]"), at a monthly frequency, starting (under current definitions) at October 2012. The data are subject to revisions, which we have overlooked. We variously enhance and supplement the as-reported series.

Response

  1. Synchronized our extract, thereby revising the interval 2012m10 to 2019m8.
  2. Recomputed our extensions.
  3. Recomputed our SA supplements.
  4. Recomputed our identities.

Properties: Apart from the start date for balance, properties are unchanged. Expect each SA series to be revised with each update.

The series reside in the historical catalog:

Method

  1. Extend as-reported revenue and expenditure over the interval 1991m1 to 2012m10 using their predecessors.
  2. Extend balance over the same interval, using the identity (Revenue - Expenditure). 
  3. Seasonally adjust the two extended series using the U.S. Census Bureau's X-13 ARIMA program.
  4. Calculate SA balance using its identity. 

See also

Other
Related ReleaseGovernment Finance
SourceMinistry of Finance - Thailand
FrequencyMonthly
GeographyThailand
Upcoming
Release DateReference date
30 Apr 2024Mar 2024