Jan 21, 2025 · The Legislative Yuan passed the central government budget this afternoon, cutting a total of 6.6 percent from the Cabinet’s proposal — the largest in history. Revenue for the Cabinet’s proposed budget for this year was NT$3.1534 trillion (US$96.32 billion), with expenditures of NT$3.1325 trillion.

3 days ago · The budget cuts also include the cancellation of NT$100 billion in subsidies to Taiwan’s state-owned electricity utility, Taipower. Critics say that may be aimed at driving up electricity prices ...

Jan 25, 2025 · Hours after Donald Trump’s chilly inauguration in Washington, Taiwan’s parliament voted to freeze billions of dollars in defense spending, in a move some worry could frustrate the famously ...

Aug 23, 2024 · TAIPEI (Taiwan News) — The Cabinet on Thursday (Aug. 22) approved a proposed central government budget plan that exceeds NT$3 trillion (US$93.75 billion). The general budget proposal will see aggregate revenue and expenditure surpassing NT$3 trillion, setting a new record, per CNA.

Dec 19, 2023 · Lawmakers in Taiwan have approved a record US$88 billion general budget for 2024, with increased spending for social welfare, education and national defense.

Jan 21, 2025 · The Legislative Yuan yesterday on third reading passed the central government budget for this year, cutting 6.6 percent from the Executive Yuan’s proposed expenditure — the largest in history.

Aug 24, 2023 · Central government funding to support local governments will reach NT$901.9 billion (US$28.9 billion), 11.2% greater than in 2023. Public infrastructure projects will be allocated NT$588.6 billion (US$18.9 billion), an increase of 0.3% from this year.

5 days ago · "We defer to the relevant Taiwan authorities regarding Taiwan’s budget decisions," a spokesperson said. "Our priority remains peace and stability across the Taiwan Strait, which is important to ...

Jan 18, 2025 · TAIPEI (Taiwan News) — The Cabinet said Friday that budget cuts proposed by opposition lawmakers could total over NT$200 billion (US$6.08 billion) and severely impact policy implementation.

Jan 21, 2025 · Taiwan cut NT$100 billion ($3.1 billion) of funding for its struggling utility, which may seek higher electricity rates that could impact some of the world’s biggest chipmakers. Lawmakers agreed ...