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Thai Prime Minister Warns of Government Lending Blitz.

Bangkok Post (Bangkok, Thailand)

| September 01, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Sep. 1--'Populist" state programmes aimed at boosting community growth will begin to show negative side-effects on the economy within the next several years, according to Trairong Suwannakhiri, a Democrat Party MP and former deputy prime minister.

He cautioned that several schemes championed by the government could eventually show up as huge losses for the public purse.

The village fund programme, where one-million-baht investment funds have been set up in more than 70,000 villages nationwide, would begin to show losses and defaults in the next several years, Mr Trairong warned.

The programme, aimed at promoting entrepreneurship at rural ...

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