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Treasury reserve falls to Bt52 billion at end of December
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The treasury reserve has fallen to Bt52 billion at the end December, which is enough for paying one and a half months of salaries to government officials , the permanent secretary for Finance said Friday.

Suparat Kawatkul, the permanent secretary for Finance Ministry, disclosed the treasury reserve figure to the special House committee vetting the mid-year supplementary budget bill.

The figure apparently shocked members of the ad hoc House panel, including Phichet Phanwichartkul, who asked Suparat to explain why the reserve was very low.

Suparat explained that the reserve was low because the Finance Ministry tried to cut cost by not borrowing cash to keep as reserve.

Suparat said the Finance Ministry could borrow from foreign banks to boost up the treasury reserve.

The Nation >>

Måske er der basis på at håbepå kurser som 7-7½ baht for 1 Dkr .

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Finance ministeren "trækker i land" :
<< Korn: Reserve gives sufficient liquidity
By: BangkokPost.com
Published: 31/01/2009 at 01:19 PM
Finance Minister Korn Chatikavanij on Saturday expressed confidence that 52 billion baht of treasury reserve provides sufficient liquidity for the government.

The government plans to raise a 200-billion-baht loan from two commercial banks to assist state enterprises, he added.

The plan will be proposed at the cabinet meeting next week.

Mr Korn also said that the government plans to borrow $2 billion from international agencies like World Bank, Asian Development Bank and Japan International Cooperation Agency to help stimulate the economy.

"Some money will be used to raise fund for the government's financial institutions, guarantee exports or give loans to companies," he said. >>