Radio Taiwan International
Date: 2018-10-26

The central government budget for next year has been set at a record level, breaking the NT$2 trillion (US$64.5 billion) barrier for the first time. That’s according to Premier William Lai on Friday.

In a report to the Legislature, Lai said spending on public infrastructure would be close to NT$400 billion (US$12.9 billion). Defense spending has been set at NT$346 billion (US$11.15 billion).

The premier said he expects the economy to show steady growth next year, with semiconductors, smart technology and the Internet of Things driving growth and attracting investment.    [SOURCE]