The Ministry of Finance’s Permanent Secretary Rangsan Sriworasart, claims his agency’s 6-month performance report, scheduled to be released on Wednesday, would show the public visible improvement in Thailand’s economy under its management, saying that the only recent matter of concern is the slowing growth of exports.

He said the government’s stimulus package helped the recovery of local spending, citing the amount of Value Added Tax (VAT) collected during the first quarter of this year had increased by 1%. The figure consists of a 10.5% increase in domestic VAT on spending, Mr. Rangsan indicated, adding however that the VAT on imports was at a negative 11%, due to the lower global fuel price.

Meanwhile, the Permanent Secretary pointed out that local investment has also shown signs of recovery, with March cement sales growing 0.6%, adding that capital goods imports during the period also expanded 5.9%.

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