The government’s estimated fiscal shortfall for next year was NT$214.4 billion.
Shih said the government would take out loans of NT$284.4 billion next year and use the NT$7 billion surplus of the previous fiscal year to meet the shortfall to repay debts of NT$77 billion.
The DGBAS said the government’s outstanding debts would rise to an all-time high of NT$5.269 trillion, or 37.1 percent of the average GNP of the past three years, though still lower than the 40 percent debt limit.
RSS