The China Post
Date: August 18, 2017
By: The China Post
Infrastructure projects, anti-drug campaigns, elderly care and the “New Southbound
Infrastructure projects, anti-drug campaigns, elderly care and the “New Southbound Policy” get a sizable boost in funding in the Executive Yuan’s budget proposal for the 2018 fiscal year.
Policy” get a sizable boost in funding in the Executive Yuan’s budget proposal for the 2018 fiscal year.
According to the plan, the government’s annual revenue will increase by 2.7 percent year-on-year in the 2018 fiscal year to NT$1.8904 trillion, while its expenditures will slightly increase by 0.6 percent to NT$1.9850 trillion.
The government will raise its debt to cover the NT$94.6 billion shortfall (which dropped 28.8 percent compared to fiscal 2017) as well as NT$79 billion in debt repayment.
The largest share of central government spending will go to social welfare projects, which will account for NT$490.2 billion, followed by education, science and culture (NT$402 billion); defense (NT$320 billion); and economic development (NT$245.4 billion). [FULL STORY]
