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Thailand's Finance Ministry aims to lift domestic savings.
Byline: Wichit Chantanusornsiri
Oct. 4--The Finance Ministry wants to raise domestic savings to 34 percent of gross domestic product from 31 percent of GDP now within five years to help cope with expectations of growing pressure on the country's current account.
Somchai Sujjapongse, deputy director-general of the Fiscal Policy Office, said economic growth would eventually see the current account surplus contract as imports increased.
Foreign borrowing was also expected to rise as local companies increased investments to expand capacity.
An imbalance in the current account was one of the key factors behind the 1997 crisis.
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