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DPP criticizes KMT’s revenue allocation amendments
DPP Secretary-General Lin Yu-chang criticizes KMT’s revenue allocation amendments, warning of financial instability and urging bipartisan dialogue for fiscal fairness.2024/11/12 14:21 -
Taipei mayor calls for rational legislative discussions
Taipei Mayor Chiang Wan-an calls for rational talks in the Legislative Yuan on amending the Act Governing the Allocation of Government Revenues and Expenditures. New Taipei Mayor Hou Yu-ih supports thorough discussion for fair distribution.2024/11/11 22:00 -
Keelung mayor urges KMT to focus on revenue act’s passage
Keelung Mayor George Hsieh urges KMT mayors to prioritize passing the Act Governing the Allocation of Government Revenues and Expenditures. He warns that disputes over allocation ratios could harm financial stability. Critics argue KMT’s amendments are unfair, but Hsieh emphasizes benefits for Keelung, including resources for tourism and parking solutions.2024/11/11 11:27 -
Finance minister aims to prioritize public debt repayment
The Taiwanese government plans to prioritize repaying public debt by using tax revenue that exceeds budget projections, according to Finance Minister Chuang Tsui-yun. The total budget for debt repayment in 2023, amounting to NT$111 billion, was fully executed by June, with an additional NT$15 billion paid in November. Chuang emphasized that if there is a surplus in the year-end financial outcome, the nation’s resources should be allocated for optimal use. The surplus in tax revenue will be apportioned first to debt repayment in accordance with the regulations of the Public Debt Act. Tax revenue for the first ten months of the year reached NT$3.0223 trillion, setting a record high for the same period compared to previous years, with a 6.9% increase. It is expected that full-year tax revenue will surpass budget estimates by NT$300 billion to NT$370 billion. The opposition party has called for a redistribution of the tax benefits back to the citizens.2023/11/22 15:11