Government budget cut by NT$24bn

STANDARD PRACTICE: The KMT’s proposal to cut the assets committee’s budget by half was opposed by the DPP and would be discussed in a plenary session today

Taipei Times
Date: Jan 09, 2019
By: Sean Lin  /  Staff reporter

Lawmakers yesterday reduced the central government’s general budget for fiscal year

The interior of the Legislative Yuan in Taipei is pictured on Dec. 28 last year.
Photo: Chien Jung-fong, Taipei Times

2019 by 1.19 percent, or NT$24 billion (US$778.31 million).

The general budget earmarked for this year is NT$2.2 trillion.

Legislative Speaker Su Jia-chyuan (蘇嘉全) on Monday called a round of cross-caucus negotiations over the budget, which continued past midnight.

Chinese Nationalist Party (KMT) caucus secretary-general William Tseng (曾銘宗) suggested that the amount trimmed from the budget — a standard practice during budget reviews — should be larger than the average of the amount cut over the past three years.

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