Thu, Dec 08, 2011 - Page 12 News List

Nation’s debt at NT$205,000 per person

By Amy Su  /  Staff Reporter

The national debt worked out to NT$205,000 (US$6,800) per person as of the end of last month, an increase of NT$8,000 per person from last year, the Ministry of Finance said yesterday.

The national debt, which includes the central government’s long-term and short-term debts, amounted to NT$4.756 trillion as of the end of last month, from NT$4.557 trillion a year ago, the ministry’s data showed.

Government bonds, which refer to outstanding debt with a maturity of more than one year, totaled NT$4.605 trillion last month, up from NT$4.322 trillion a year earlier, the ministry said.

Treasury bills, which represent outstanding short-term debts with a maturity of less than a year, stood at NT$151.6 billion, down from NT$235 billion a year ago.

Compared with the end of October, the national debt was NT$151.6 billion higher as of the end of last month, translating into an increase of NT$1,000 per person, according to the ministry’s data.

The ministry began publishing a monthly Web-based “National Debt Clock” in December last year to remind government agencies to watch their spending.

Last month, Minister of Finance Lee Sush-der (李述德) said in a press conference that the nation’s finances remained steady.

“The central government’s long-term debt is still below the statutory debt ceiling of 40 percent,” Lee said.

This story has been viewed 2780 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top