An estimated minimum of 120 billion baht will be spent on election-related activities, which is twice the amount previously estimated, according to the Business and Economic Forecast Centre of the University of Thai Chamber of Commerce.

 

The centre said its forecast for spending by all political parties on election-related activities is in line with Bank of Thailand information, indicating that the circulation of cash in the Thai economy during the first three months of this year increased by about 234 billion baht to 6.98 trillion baht, an increase of 3.47% over the same period last year.

 

In a breakdown of the circulation of 1,000-baht and 500-baht banknotes, the centre said that the denominations increased by 1.9% and 14.2% respectively, which is considered normal by the Thai Bankers Association for a pre-election campaign period.

 

Full story: https://www.thaipbsworld.com/about-120-billion-baht-expected-to-be-spent-on-election-related-activities/

 

-- © Copyright Thai PBS 2023-05-11

 

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That's a lot of 200 baht "incentives"

 

1 hour ago, Dmaxdan said:

That's a lot of 200 baht "incentives"

That's a lot of middle men with sticky fingers!                                                            2 x 500 baht notes delivered to our household this morning by a different party to last weeks 2x500 baht "attendence fees." 

Every day is school day; I never heard "about XXXXX expected to be spent on election-related activities" before but it is a rather nice way of publicly confirming what this country has always understood as "democratic" attitude towards voters ???? 

OMG....they could have bought another three submarines for that and still have enough to stuff brown envelops to bursting point..