Ko announces Taipei has left NT$100bn debt club

Taipei Times
Date: Jun 03, 2018
By: Lee I-chia  /  Staff reporter

Taipei Mayor Ko Wen-je (柯文哲) announced on Facebook and Instagram that the city’s

Taipei Mayor Ko Wen-je, center, wearing white, participates in a parade starting at Qu Yuan Temple in Taipei’s Beitou District and ending at Zhoumei Pier, also in Beitou, to ask the gods for an auspicious Dragon Boat Festival, which is on June 18 this year.  Photo: CNA

debt has dropped below NT$100 billion (US$3.35 billion), marking the highest rate of debt repayment by a local government in Taiwan.

Ko posted on both online platforms, along with a photograph of him sitting at his desk on Friday reading official documents and the quote: “All we did was work hard every day. Do what should be done and avoid what shouldn’t be done, and a lot of money will remain at the end of the year.”

“Today, the Taipei City Government has officially left the NT$100 billion debt club,” he wrote.

Taipei had NT$146.8 billion in debt when he took office, Ko said, but about NT$52 billion was repaid over the past three-and-a-half years, reducing the debt to about NT$94.8 billion — a reduction per capita from about NT$54,000 to NT$35,000.    [FULL  STORY]

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