Short-term subsidies better than consumer vouchers: Perng

Taiwan News
Date: 2015-11-02
By: Ko Lin, Taiwan News, Staff Writer

Minister of Finance Chang Sheng-ford pointed out that short-term stimulus measures can

Subsidies better than vouchers: Perng.  Central News Agency

Subsidies better than vouchers: Perng. Central News Agency

be more effective than consumer vouchers in helping to boost the island’s ailing economy, reports said Monday.

The measures, announced by Premier Mao Chi-kuo last Friday, will last for three months effective November 7 to February 29. The stimulus package includes subsidies for the purchase of energy-efficient home appliances, domestic travel, and for those who replace their 2G mobile phones with 4G smartphones.

“Subsidies are way better than consumer vouchers,” Central Bank Governor Perng Fai-nan exclaimed.

During a question-and-answer session at the legislature in the morning, KMT Legislator Lu Hsiu-yen questioned her doubt as to whether the subsidy program could pose any significant impact on the economy given such short duration.     [FULL  STORY]

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