Tue, Jan 29, 2013 - Page 3 News List

Central funding for cities, counties under review

By Su Yung-yao and Jake Chung  /  Staff reporter, withStaff writer

However, the move has met with dissenting voices from officials of both special municipalities and other cities and counties, who say that without raising the ceiling and more funding from the central government, they would not have enough funds for administration.

Lai said that the parties had discussed amendments to the Public Debt Act and reached a general consensus on the issue. However, if the opposition parties still have problems with the proposed amendments, the KMT would not rule out calling for a vote on the issue.

Ker said that the DPP caucus hopes to raise the debt ceiling for poorer counties, adding that while the chance of the amendments being passed by the legislature is pretty high, the DPP does not wish to see it come down to a vote.

However, Lee said the current amendments lack any formal system of fiscal responsibility, adding that if this issue is not dealt with, there would still be problems with public debt in two or three years.

This story has been viewed 1689 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top