The Legislative Yuan passed the central government budget this afternoon, cutting a total of 6.6 percent from the Cabinet’s proposal — the largest in history.
Revenue for the Cabinet’s proposed budget for this year was NT$3.1534 trillion (US$96.32 billion), with expenditures of NT$3.1325 trillion.
However, on Friday last week, opposition lawmakers voted in the majority to cut NT$93.98 billion from the budget’s general provisions.
Photo: Liao Chen-huei, Taipei Times
During a 20-hour continuous session from yesterday until this morning, they continued to slash the budgets of various government agencies.
Other cuts amounted to NT$113.6 billion, bringing the total budget cut to about NT$207.5 billion.
The Executive Yuan still needs to verify and implement budget cuts for various agencies.
Cuts from general provisions include a 10 percent cut to water and electricity fees, and 60 percent cut on special expenses.
Special expenses would be completely cut for the Executive Yuan, Mainland Affairs Council, Council of Indigenous Peoples, Ministry of the Interior, Ministry of Agriculture, Ministry of Digital Affairs, National Communications Commission, Ministry of Justice, Ministry of Civil Service, Control Yuan and Ministry of Labor.
There would also be a 3 percent cut on military equipment and facilities.
Media policy and promotion expenses would be uniformly cut by 60 percent, unless otherwise specified.
More controversial proposals include a 70 percent freeze on the Executive Yuan’s operational expenses, a 50 percent cut and 30 percent freeze on the Control Yuan’s operational expenses, a 50 percent freeze on the Ministry of National Defense’s submarine budget and a 50 percent freeze on the Ministry of Foreign Affairs’ operational expenses.
The combined effect of the monsoon, the outer rim of Typhoon Fengshen and a low-pressure system is expected to bring significant rainfall this week to various parts of the nation, the Central Weather Administration (CWA) said. The heaviest rain is expected to occur today and tomorrow, with torrential rain expected in Keelung’s north coast, Yilan and the mountainous regions of Taipei and New Taipei City, the CWA said. Rivers could rise rapidly, and residents should stay away from riverbanks and avoid going to the mountains or engaging in water activities, it said. Scattered showers are expected today in central and
People can preregister to receive their NT$10,000 (US$325) cash distributed from the central government on Nov. 5 after President William Lai (賴清德) yesterday signed the Special Budget for Strengthening Economic, Social and National Security Resilience, the Executive Yuan told a news conference last night. The special budget, passed by the Legislative Yuan on Friday last week with a cash handout budget of NT$236 billion, was officially submitted to the Executive Yuan and the Presidential Office yesterday afternoon. People can register through the official Web site at https://10000.gov.tw to have the funds deposited into their bank accounts, withdraw the funds at automated teller
COOPERATION: Taiwan is aligning closely with US strategic objectives on various matters, including China’s rare earths restrictions, the Ministry of Foreign Affairs said Taiwan could deal with China’s tightened export controls on rare earth metals by turning to “urban mining,” a researcher said yesterday. Rare earth metals, which are used in semiconductors and other electronic components, could be recovered from industrial or electronic waste to reduce reliance on imports, National Cheng Kung University Department of Resources Engineering professor Lee Cheng-han (李政翰) said. Despite their name, rare earth elements are not actually rare — their abundance in the Earth’s crust is relatively high, but they are dispersed, making extraction and refining energy-intensive and environmentally damaging, he said, adding that many countries have opted to
CONCESSION: A Shin Kong official said that the firm was ‘willing to contribute’ to the nation, as the move would enable Nvidia Crop to build its headquarters in Taiwan Shin Kong Life Insurance Co (新光人壽) yesterday said it would relinquish land-use rights, or known as surface rights, for two plots in Taipei’s Beitou District (北投), paving the way for Nvidia Corp to expand its office footprint in Taiwan. The insurer said it made the decision “in the interest of the nation’s greater good” and would not seek compensation from taxpayers for potential future losses, calling the move a gesture to resolve a months-long impasse among the insurer, the Taipei City Government and the US chip giant. “The decision was made on the condition that the Taipei City Government reimburses the related