BANGKOK, 9 May 2019 (NNT) – The University of the Thai Chamber of Commerce (UTCC) estimates cash flow of over 50 billion baht for the new school term, the highest amount in the past six years due to economic recovery, sufficient savings and the government’s economic stimulus measures.
UTCC’s Center for Economic and Business Forecasting Director, Thanawat Phonwichai, today disclosed the results of the survey of parents’ impact assessment in preparing for the new school term, from a sample group of respondents across the country.
It was found that the spending of 23.9 percent of parents of students at an undergraduate level and first-year university students has increased during the new school term compared to the previous year.
The average expense is 18,299 baht due to increased prices of textbooks, school uniforms, student shoes, tuition fees and school maintenance fees. It is expected that spending during this new school term will be 54.97 billion baht, expanding by 5.2 percent compared to the previous year, and the highest in six years.
As for the source of the money, 43.8 percent of parents said they had enough money from their salary for the expenses associated with the new school term, while 39.5 percent of parents who didn’t have enough money plan to use money from formal and informal loans and pledges of properties.
It was also found that there are additional expenses to allow their children to study in a good educational institution and tutoring fees.
They want the government to help them with reasonable tuition fees and equal quality of educational institutions throughout the country. Parents also want to see the inclusion of a foreign language and technology subjects in curriculum at all levels.
As for the source of money, 43.8 percent of parents said they had enough money from their salary for the expenses associated with the new school term while 39.5 percent of parents who didn’t have enough money will use the money from formal and informal loans and pledges of properties.
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.
BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.(more…)
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of GDP, the government would need to borrow 700 billion baht to offset the deficit.
BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline.(more…)
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...