Democrats oppose FIDF debt transfer
Democrat Party Leader Abhisit Vejjajiva voiced opposition to the government's plan to transfer Financial Institutions Development Fund (FIDF)'s Bt1.14 trillion debt to the Bank of Thailand, saying that unnecessarily creates tension and negative image to
Democrats oppose FIDF debt transfer plan
Regarding government members' implications that the central bank does not honour the natioal interests, he said that such attitude is affecting the overall confidence in the fragile moment. This could affect the central bank's ability in keeping control of inflation and foreign exchange rates.
"The central bank's inability to repay the debt is partly due to its burden deriving from foreign exchange rate stabilisation. Retroactively, whenever crises arose, the central bank had been asked for help. But when the central bank incurred cost, there were complaints. When Democrats led the government, it's my policy that all must pinpoint their differences and find ways to neutralise the differences. Such could be done internally," he said.
He also attacked the Pheu Thai government for implementing policies which could put the entire economy in danger and could put the entire public at a disadvantage. He said the government failed in prioritising the projects and some lending programmes could push up people's debts.
