owever, there have been positive efforts to improve previous approaches. For example, the amount of disaster risk reduction investment by the Government of Indonesia has grown from less than 0.6 of their total budget in 2006 to more than 1 per cent in 2012.

The economic cost and consequences of Thailand’s recent floods, with total losses of THB 1.43 trillion ($46.5 billion) resulted in physical damage totaling THB 630.3 billion ($20.5 billion. And additional losses in associated economic activities has been estimated at THB 795 billion ($26 billion).

The Thai Government is now planning to spend over $11.5 billion to develop new water-resource management systems and flood prevention measures.

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