Mission

        Manage state property in the most effect way Mat viddy  government social and environmental benefit. According to the Ratchaphatsadu Land Act, B.E. 2518, Ratchaphatsadu land (State Property) is defined as all type of real assets belonging to the country, except for the following public properties :

 Meanning

        "Ratchaphatsadu land" means every kind of immovable property which is state property except the following domaine public or state:
        (1) waste land and land surrendered, abandoned or otherwise reverted to the State according to the land law;
        (2) immovable property which is in use for the people or reserved for the common use of the people such as foreshores, water-ways, highways, lakes.

        An immovable property of State enterprise being a juristic person or an immovable property of local government organization shall not be deemed as Ratchaphatsadu land.  

 Goals
        The Treasury Department is the governmental unit that is responsible for governing, overseeing, and maintaining State Property. State Property is mainly set aside for government use while the rest is leased to the private sector to generate recenve for the government. Since the 1997 economic crisis, the Thai government has tried to solve various problems especially the dependence on exports and foreign investment. However, Thailand’s current economic condition has been aggravated by the current global economic recession, causing it to recover very slowly. Thus,When the self-sufficiency policy was odopled by the present government, the asset-based economy policy was implemented. As the unit responsible for State Property, a potential resource in the country’s economic development, the Treasury Department was responded to the government"s policy by improving the economy through increasing the profitability of State Property. This effort initiated with the review of it"s visions, missions and conceptual framework to formulate strategies that can lead to the achievement of the goals set forth in the policy. The Treasury Department has established the following goals for the administration of State Property that target both the micro- and macro- economic levels as follows:

        1. To expand development to the provinces
            Since State Property is located throughout the country, the Treasury Department can develop these land to support all levels of communities. For instance, Chiang Mai and Phuket are high-potential tourist destinations and if the Treasury Department uses and develops state property international conference centers and hotels, it will increase employment. However, using the State lands can lower travel costs compurated to other countries. Income from foreign tourists will increase and other downstream industries will also benefit, the ultimate goal of improving the way to life of the Thai people.

        2. To strengthen society at the fundamental level
            It is known that the fundamental problems in Thai society have long been neglected and the lade of protection would lead to a crisis. If the Treasury Department makes state property available for social activities, such as public parks in local communities, the department will play an important role in supporting and strengthening Thai society at the grass root level. Alternatively, state property can be allocated for low-income housing. The benefits will be greater than it"s monetary value.

        3. To support production and investment
            The country has slowly recovered from the recent economic downturn partly because of the lack of investment by the private sector, due to high land costs. If the Treasury Department can develop state property into distribution centers, shopping centers, ports or bus stations, the department can support various government policies, such as the small-and medium-sized enterprise policy, the “one Tambon (district), one product” policy, and the village fund policy.

        4. To improve infrastructure
            Because public utilities are the most important factor in attracting investment, Thailand should have good public utilities, that matches demand at a low cost. Efficient public utilities will reduce production costs for manufacturers. Thus one of the department"s is to uses state property to improve the country’s infrastructure, such as roads, electricity, water supply, and telephone networks.

 Objectives
        State Property is solely for the use of the government. However, those the property not used by the government or reserved for the government, the Treasury Department will develop the property to earn a profit by leasing it or other using it in other ways to generate revenue. The choice of the exact method of use depend on the location and the condition of the State Property and the maximum economic, social and environmental potential of state property.

 Acquisition of State Property
   * Promulgated as reserved for government use.
   * Appropriated due to unpaid taxes.
   * Acquired by government budget.
   * Acquired by court order.
   * Land left from expropriation.
   * Acquired by the Order of the Prime Minister.
   * Donate by private sector.
   * Determined to be a wasteland and thereby acquired by the government
   * Acquired by other means


  Ownership of State Property
   * The Ministry of Finance is the owner of State Property, according to Section 5 on Administration and Maintenance, in the Ratchaphatsadu Land Act, B.E. 2518 (1975).
   * The Treasury Department has the authority and responsibility for managing State Property, according to ministerial regulations and rules issued pursuant to the Ratchaphatsadu Land Act, B.E. 2518 (1975).
   *The State Property Committee determines policies, regulations and methods for the administration and maintenance of and acquisition of benefits from State Property.