By: Tsai Yi-chu and Elaine Hou
Taipei, May 9 (CNA) The average national debt shouldered by each citizen in Taiwan
remained flat for a third consecutive month at the end of April, according to the latest statistics released by the Ministry of Finance.
The national per capita debt at the end of April was about NT$240,000 (US$7,927), according to the ministry’s National Treasury Administration.
At the end of April, Taiwan’s outstanding long-term debt with a maturity of more than one year totaled NT$5.43 trillion, while the country’s short-term debt was NT$222.9 billion, it said.
Meanwhile, the ministry also eased concerns that the national debt could soar, with the administration of President Tsai Ing-wen (蔡英文) planning to spend NT$880 billion over the next eight years on infrastructure projects that are projected to create 40,000 to 50,000 new jobs. [FULL STORY]