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GOVERNMENT SPENDING

GSB ready to lend more



Government Savings Bank (GSB) President Lersak Julates said yesterday that the bank is ready to lend more to grass-roots people, through the village fund and other credit-extension programmes.

 He said the bank's excess liquidity exceeds Bt10 billion and liquidity should increase next year. GSB expected to lend Bt65 billion next year, up 10 per cent from this year. Over Bt40 billion is earmarked for grass-roots people and small borrowers.

 

"It's upto the government how much GSB should help. We've yet discussed this with the Finance Ministry," he said.

Finance Minister Korn Chatikavanich said that the budget deficit this would be expanded by more than Bt100 billion to stimulate the sagging economy.

 


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