Tue, Aug 13, 2013 - Page 13 News List

Government quiet on share sales

IN THE DARK:Despite a projected total budget shortfall of $273 billion next year, the government remained tight-lipped about selling the state’s bank and bluechip shares

By Kevin Chen  /  Staff reporter

Under the Cabinet’s annual budget plan for next year, the projected expenditure represents a 1.7 percent increase compared with this year’s NT$1.9076 trillion, while annual income is expected to decline by 0.1 percent from NT$1.7333 trillion, the first decline since 2010.

The Cabinet said the government would increase its spending on public construction projects by 10 percent to NT$192.5 billion next year as part of its efforts to stimulate economic growth.

The Cabinet is scheduled to finalize its annual budget plan on Aug. 22 and will then submit the plan to the Legislative Yuan for review and final approval when the legislature convenes its next session next month.

Additional reporting by Shih Hsiu-chuan and Amy Su

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