KMT reports assets of NT$18.1 billion

BIG DIFFERENCE:The Democratic Progressive Party (DPP) reported assets worth NT$700m last year, recording NT$800m in revenue and NT$510m in

Taipei Times
Date: Jul 17, 2017
By: Chen Yu-fu and Jonathan Chin / Staff reporter, with staff writer

The Chinese Nationalist Party (KMT) remained the nation’s richest political party

The National Women’s League headquarters on Linsen South Road in Taipei’s Zhongzheng District is seen in an undated photograph. Photo: Cheng Hung-ta, Taipei Times

last year with NT$18.1 billion (US$595.06 million) in reported assets, despite posting losses totaling NT$800 million since 2015, its financial statements to the Ministry of the Interior show.

Last year, the KMT posted an income of NT$1.48 billion and expenditures of NT$2.07 billion, its financial disclosures show.

Since 2006, political parties and organizations have been obliged to disclose their financial statements to the ministry in accordance with the Guidelines for the Financial Declarations of Political Parties and Political Organizations.

The financial declarations are considered public information and the reports are to be made available later this month on the ministry’s Web site.

The KMT’s assets continue to dwarf those of the nation’s other major parties, including the Democratic Progressive Party, which had a reported worth of NT$700 million last year, recording NT$800 million in income and NT$510 million in expenditures, its statements show.    [FULL  STORY]

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