NT$60 billion budget to cope with coronavirus clears Legislature

Focus Taiwan
Date: 03/13/2020
By: Fan Cheng-hsiang, Wang Yang-yu and Frances Huang

Taipei, March 13 (CNA) A special budget plan worth NT$60 billion (US$1.99 billion) to support efforts to contain the spread of the coronavirus disease COVID-19 and cope with its impact on the local economy was approved by the Legislative Yuan Friday.

The bill, which enjoyed widespread support among lawmakers, was passed without any cuts in just 16 days after it was submitted to the Legislature by the Cabinet.

The government will raise NT$30 billion in bond sales and assign a fiscal surplus worth NT$30 billion for the special budget.

According to the approved bill, the special budget will be dated back to Jan. 15, 2020, and will run through June 30, 2021.    [FULL  STORY]

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