Thailand has estimated the initial costs of evacuation and damaged property at more than 10 billion baht ($307.88 million) after a five-day border conflict with Cambodia, and is expecting the eventual economic impact to be even bigger, the finance minister said on Tuesday, Reuters reports.

The government is preparing an initial budget of 25 billion baht ($771 million) to mitigate the effects, Pichai Chunhavajira told reporters.

Relations between Cambodia and Thailand have deteriorated ever since an armed incident on May 28. That day, Thai soldiers opened fire on a Cambodian military position located in the disputed territory between the Cambodian province of Preah Vihear and the Thai province of Ubon Ratchathani, in Techo Morakot village in Choam Ksan District. One Cambodian soldier was killed and several others were injured in the incident. And since July 24, armed clashes have erupted in border areas, as well as around several temples. Dozens of people have been killed and hundreds injured in the tensions on both sides.