Sunday, June 8, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

There is no excess liquidity: government

January 28, 2015
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

ExcessLiquidityWhile local banks, economists and the opposition believe there is excess money lying idle in the financial system, the government thinks otherwise.

A major chunk of money in the banks was short-term deposits which are parked temporarily and not available for lending, according to finance minister, Namgay Dorji.

Short-term deposits constitute about 59 percent of total deposits, and being short term in nature, banks would not be able to make use of it by lending, reveals the figures with the finance ministry.

The remaining, 41 percent, are long-term deposits, which according to the government was the actual liquidity available for lending.

In absolute terms, short-term deposit amounts to Nu.13 B and long term, Nu.8.8 B.

Lyonpo also refuted the Opposition’s allegation that the Economic Stimulus Plan has failed. “It has rather helped the economy by injecting liquidity and making money available for lending.”

However, whether there are takers for this money within the economy is an entirely different story, he said.  “To create demand for loans, the economy has to be first straightened. The economy today is in its lowest slump and hence economic activity has decreased, which has subdued demand for loans.”

The finance minister says the government needs more time to help the economy grow. “Although the government has been in the office for a little more than one and half years, it is not enough, we need more time”

Lyonpo said ESP is one option to help the economy grow but, the government must also work on a lot of other policies, simultaneously.

The minister said the government would be meeting with commercial banks and the central bank to discuss the issue and if need be, look at the probability of mopping excess money from the financial system.

Previous Post

Gyalpoizhing Forest Range intercepts illegal sandalwood

Next Post

Revised FDI allows foreign investors to take profits in convertible currencies

Next Post
Revised FDI allows foreign investors to take profits in convertible currencies

Revised FDI allows foreign investors to take profits in convertible currencies

Pasakha-Manglabari bypass road gets go-ahead signal

Pasakha-Manglabari bypass road gets go-ahead signal

Overseas employment agent suspended for flouting rules

Overseas employment agent suspended for flouting rules

Please login to join discussion

RECOMMENDED NEWS

Footpaths in Thimphu need repairing

11 years ago
1
Orientation programme for overseas scholarship students focuses on mental health

Orientation programme for overseas scholarship students focuses on mental health

2 years ago
13

Six sentenced to life imprisonment for chorten vandalism

11 years ago
3

11 years ago
1

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (278)
  • Education (413)
  • Entertainment (13)
  • Environment (61)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (9)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (516)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Phuentshogling Thromde installs reverse vending machine to promote recycling
  • Fixed deposit interest to be taxed at 10% under proposed Income Tax Bill
  • Yonphula Specialised Rehabilitation School to open next month
  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.