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Ma pledges to improve economy

GROWING PAINS:As Ma promised adjustments, the People First Party said that the debt ceiling should be raised following 2010’s upgrades to the five municipalities

By Mo Yan-chih and Shih Hsiu-chuan  /  Staff reporters

Lee said the government was already approaching the debt limit, with its outstanding loans climbing to an all-time high of NT$5.235 trillion at the end of June, up from NT$4.54 trillion at the end of last year, excluding short-term debts, deferred payments and debt accrued from non-profit government funds.

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