By: Ko Lin, Taiwan News, Staff Writer
Minister of Finance Chang Sheng-ford pointed out that short-term stimulus measures can
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]