Swelling reserves won't bridge payout gap | Bangkok Post: business

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Swelling reserves won't bridge payout gap

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Treasury reserves are expected to rise to 403 billion baht by the end of the fiscal year from 345 billion baht this week even as the junta speeds up budget disbursement, says the head of the Comptroller-General's Department. 

"Although revenue collection is estimated by the Fiscal Policy Office to fall 100 billion short of target [for the fiscal year] and the National Council for Peace and Order is accelerating budget disbursement in a bid to achieve the target, we believe Treasury reserves are adequate for the government's spending," said department director-general Manas Jamveha.

The department will encourage efforts to boost budget disbursement to 90-91% of the 2.525 trillion baht in spending set for fiscal 2014, Mr Manas said, adding that he remained concerned about whether investment disbursement would reach its goal.

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