The China Post
Date: August 19, 2016
By: Yuan-Ming Chiao
Premier Lin Chuan (林全) announced Thursday that the proposed 2017 annual budget
Premier Lin Chuan (林全) addresses reporters at the Executive Yuan on Thursday, Aug. 18. Lin presented the government’s spending proposal for 2017, which included increased allocations for social welfare, education and culture. (Yuan-Ming Chiao, The China Post)
includes increased funding for education and social welfare.
Speaking at a press conference at the Executive Yuan, Lin said that the increases were necessary to implement government plans to expand social housing, institute elderly care, enact food safety measures and combat illicit drugs.
The premier characterized the budget as adhering to principles of financial stability.
Statistics released by the Cabinet-level Directorate General of Budget, Accounting and Statistics (主計處) put social welfare expenditures at NT$477.3 billion (US$15.2 billion), a 3.6-percent increase from 2016.
A hefty NT$17.8 billion was allocated to elderly care, compared to NT$6.7 billion budgeted for 2016. [FULL STORY]
