NDC mulls deadline extension for short-term stimulus package

Taiwan News
Date: 2016-02-03
By: Chia Lee, Taiwan News, Staff Writer

Budgeted at around NT$5 billion, the Executive Yuan announced a series of short-term stimulus measures in October last year, including subsidies for e-commerce, the purchase of digital products and energy-efficient home appliances, , and for domestic travel.

Lin Chu-chia, minister of the National Development Council (NDC), said Wednesday that the short-term stimulus package aimed at boosting Taiwan’s flagging economy did not work out as planned, with the annual budget execution rate below 50 percent, and hence the ministry will not consider increasing the budget but extending the deadline for the project.

Budgeted at around NT$5 billion, the Executive Yuan announced a series of short-term stimulus measures in October last year, including subsidies for e-commerce, the purchase of digital products and energy-efficient home appliances, and for domestic travel.     [FULL  STORY]