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About 120 billion baht expected to be spent on election-related activities

About 120 billion baht expected to be spent on election-related activities

21 Sept 02:45 Key points summarised by AI
  • Thai election-related spending is projected to reach a minimum of 120 billion baht, doubling previous estimates and aligning with a significant increase in cash circulation within the economy.
  • This substantial expenditure is expected to drive economic growth by 0.5% to 0.7%, according to the Business and Economic Forecast Centre.
  • Vote buying methods have become more sophisticated, shifting from cash payments to digital transfers via QR codes and PromptPay, coinciding with a notable surge in electronic money transfers.
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