Korn: Govt raising too many loans
- Published: 29 Jun 2012 at 15.16
- Online news:
Democrat MP and former finance minister Korn Chatikavanij said on Friday the government should rethink its plan to raise another 1.6 trillion baht in loans by cabinet decree to finance infrastructure development megaprojects.
He said the government should instead use the annual fiscal budget, which has a better monitoring system and is more transparent than a cabinet decree.
Mr Korn said the cabient had already passed a decree to raise 350 billion baht in loans, citing an urgent need, but there had been no disbursement of this "urgent" budget in the six months since.
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