Mon, Apr 09, 2012 - Page 12 News List

Per capita debt rises for 5th month

Staff writer, with CNA

Taiwan’s per capita national debt was NT$222,000 (US$7,525) as of the end of last month, up about NT$2,000 from the previous month, according to the latest data shown on the National Debt Clock on Saturday.

The clock, which updates the country’s debt total on the seventh day of each month, showed an increase in the per capita debt for the fifth consecutive month.

The value of outstanding central government loans with a maturity of more than one year was NT$4.874 trillion last month, up from NT$4.834 trillion in February, according to data from the National Treasury Agency.

Short-term loans with a maturity of one year or less stood at NT$284.1 billion last month, up NT$15 billion from NT$269.1 billion in February.

Since the end of October last year, when the per capita debt stood at NT$204,000, it has risen by NT$18,000, according to the data.

National Treasury Agency Deputy Director-General Chen Hsueh-hsiang (陳雪香) said the NT$4.874 trillion long-term debt was still within the agency’s annual budget of NT$4.9 trillion.

However, the agency will carefully monitor government spending, she said.

The Ministry of Finance has been releasing regular data on the national debt since December 2010 and set up the debt clock to track the figure.

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