As mentioned, the US national saving gap was more than 6% of GDP in 2005. Along with a negative private financing balance, the government budget deficit has also been a major contributor (in 2005, the budget deficit was around 4% of GDP).
The regulators’ thrust, of late, on financial inclusion, financial education, credit counselling, fair trade practices, reasonable charges and avoidance of unequal contracts is the right way forward to ensure an efficient, inclusive and equitable banking system. 2  BIS Review 24/2007