Cabinet approves government’s 2018 budget

Focus Taiwan
Date: 2017/08/17
By: Ku Chuan and Flor Wang

Taipei, Aug. 17 (CNA) The Cabinet has approved the government’s 2018 budget

Hsu Kuo-yung (徐國勇, left)

proposal, which shows expenditure of NT$1.985 trillion (US$65.49 billion) and revenue of NT$1.8904 trillion, Cabinet spokesman Hsu Kuo-yung (徐國勇) said Thursday.

High on the government’s agenda will be its Forward-looking Infrastructure Development Program, which will be funded by a special allocation of NT$108.9 billion, Hsu said, citing Premier Lin Chuan’s (林全) remarks in a weekly Cabinet meeting.

Other areas of priority will be construction of public projects, industrial innovation, drug abuse prevention, food safety, education, and social welfare, Hsu said.

Of the NT$1.985 trillion expenditure allocation, NT$490.2 billion, or 24.7 percent of the total, will go toward social welfare programs; NT$402 billion to education, science and culture; NT$320 billion to national defense; NT$245.4 billion to economic development; and NT$188.7 billion to general administration, said Chu Tzer-ming (朱澤民), head of the Directorate-General of Budget, Accounting and Statistics.    [FULL  STORY]

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