Forward-looking budget cut in half

CONSENSUS:A new motion added three new projects — establishing friendly nursing rooms; measures to ensure food safety; and nurturing talent and boosting employment

Taipei Times
Date: Jul 06, 2017
By: Sean Lin / Staff reporter

The special act on the Forward-looking Infrastructure Development Program yesterday cleared a

Democratic Progressive Party Legislator Ho Hsin-chun cheers yesterday as the legislature passes the first article of the draft bill for the Forward-looking Infrastructure Development Program. Photo: Liao Chen-huei, Taipei Times

third reading at the legislature, with lawmakers passing a Democratic Progressive Party (DPP) motion to adjust the program’s budget from NT$882.49 billion (US$28.93 billion) over eight years to NT$420 billion over four years.

The legislature met in plenary session to review the bill after the DPP caucus on Tuesday made a concession to adjust the program’s budget and time frame during cross-caucus negotiations, ending the Chinese Nationalist Party’s (KMT) occupation of the legislative speaker’s podium that began on Monday morning.

The DPP, KMT and People First Party (PFP) caucuses on the same day signed on a DPP motion to divide the program into two stages of four years each, with a NT$420 billion special budget for stage one.

Budget requests for the second stage are to be delivered to the legislature for review with the proviso that its size and time frame does not exceed the first budget.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.