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Monday, November 21, 2011

Excessive government borrowing

The amount of the government's borrowing from the banking sector crossed the entire year's target in just four months of the fiscal year 2012.
1. Spending on subsidy accounting for oil import to make quick rental power plant;
2. Shrinking external budget financing;
3. Higher budget spending compared to revenue;
4. Sales of savings certificates were lower than expected.  

Here is the news link

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