Mon, Jun 10, 2013 - Page 14 News List

National debt decreases by NT$4,000 per person

LIGHTENING THE LOAD:The National Treasury Agency attributed the decline in debt to an influx of revenue to the government’s coffers from consolidated income tax

By Amy Su  /  Staff reporter

The national debt was NT$230,000 (US$7,700) per person at the end of last month, down NT$4,000 per person from a month earlier, reversing the upward trend seen over the past six months, according to statistics issued by the Ministry of Finance on Friday.

The National Treasury Agency attributed the decrease to the influx of a large amount of revenue from consolidated income tax, which allowed the government to repay some of its long-term debt.

National debt, which includes the central government’s long-term and short-term debt, amounted to NT$5.3594 trillion as of the end of last month, from NT$5.4545 trillion posted a month earlier, ministry data showed.

Government bonds — the central government’s outstanding debt with a maturity of more than a year — totaled NT$5.1294 trillion, down from NT$5.1995 trillion the previous month.

Treasury bills — the central government’s outstanding debt with a maturity of less than a year — stood at NT$230 billion, down from NT$255 billion a month ago.

The national debt per capita reached NT$234,000 at the end of March, and remained at the same level at the end of April, marking the highest level since the ministry launched its Web-based “National Debt Clock” in December 2010 to remind government agencies to monitor their spending.

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