Thailand Taksir Losses Ekonomi Akibat War Perbatan Perbatasan Dengan Cambodia Capai 307 Juta Dolar AS

UNSPLASH/Jacky Watt ILLUSTRATION

Thailand estimates that the initial costs of evacuation and damage to buildings will reach more than 10 billion baht ($307.88 million) after the five-day border conflict with Cambodia.

Thai Finance Minister Pichai Chunhavajira said the government was preparing an initial budget of 25 billion baht ($771 million) to mitigate its impact.

"I have to raise a budget for this because it will also stimulate the economy because there will be construction, house repairs, and more," he said.

"Maybe it's not enough and we may need to look for more," he added, adding that initial estimates of the damage did not include trade disruption.

In a separate statement, Pichai said the Ministry of Finance had announced various relief measures to help communities and businesses affected by border conflicts.

State-owned banks offer measures including suspension of loan payments, low-interest loans, refinancing options, and exemption from fees to support recovery efforts.

The taxation measures include an extension of the tax reporting and payment deadline until September, as well as tax reductions for repair costs of up to 100,000 baht for homes and 30,000 baht for vehicles.

The government has also allocated 100 million baht for each affected province to meet local needs, which can be increased if needed.