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Cabinet approves Bt2 billion loan to boost housing authority's liquidity

Jun 24. 2020
Deputy government spokesperson Ratchada Thanadirek
Deputy government spokesperson Ratchada Thanadirek
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By The Nation

The Cabinet has given the okay to the National Housing Authority (NHA) to take a Bt2 billion loan to mitigate its liquidity shortage or use as capital under the public-debt management plan for the 2020 fiscal year.

Deputy government spokesperson Ratchada Thanadirek said on Tuesday (June 23) that based on the Cabinet’s April 28 resolution, the Finance Ministry will be NHA’s guarantor.

“NHA needs to borrow funds to boost its liquidity because it is working on measures to relieve customers’ – most from the low-income sector – burden from the Covid-19 outbreak,” she said.

“The housing authority has issued several measures to mitigate customers’ suffering for three months since April, such as postponing payments for hire purchases and waiving deposits, as well as suspending or reducing rents.”

Meanwhile, government spokesperson Narumon Pinyosinwat said the Cabinet has earmarked Bt699 million to pay more than 290,000 subdistrict chiefs and village headmen a special bonus for seven months starting from October.

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