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Mon, Dec 31, 2001 - Page 18 News List

Yophy Huang discusses reform of public finance

Yophy Huang, an associate research fellow at the Chunghwa institution for Economic Research who specializes in public finance and taxation, sat down with staff reporter stanley chou last week to discuss a range of fiscal issues including the new NT$3,000 monthly subsidy for seniors and the reform of the public sector

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Huang: I am quite pessimistic on the prospects. The DPP actually won the latest election -- even with its poor performance over the last 18-months. What we saw is a DPP administration using lots of gimmicks to rule the country instead of actually solving economic problems. The subsidy for senior citizens is a good example of such a gimmick. The more gimmicks used by the DPP administration, the more trouble for future generations.

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