Cabinet approves 2020 central government budget

Focus Taiwan
Date: 2019/08/15
B:y Ku Chuan and Evelyn Kao

Taipei, Aug. 15 (CNA) The Cabinet approved Thursday the central government budget plan for 2020, which shows both expenditure and revenue of NT$2.102 trillion (US$66.93 billion), the first time no difference between the expenditure and revenue has been shown in any such budget plan since 1999.

The projected government revenue is up 5.5 percent, or NT$109.8 billion, over the 2019 level, according to data compiled by the Directorate General of Budget, Accounting and Statistics (DGBAS).

The growth was attributed to an additional NT$32.5 billion in tax income, a contribution of NT$7.3 billion in earnings by the National Development Fund to the national treasury, a return of NT$19.8 billion to the coffers from the local infrastructure construction fund and an additional NT$40 billion in revenues from issuing 5G mobile broadband business licenses.    [FULL  STORY]

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