Premier Tang Fei (
Tang said that a ceiling on the nation's debt as a percentage of its income could be raised, requiring a change to revisions in the Public Debt Law (
According to regulations, the government is permitted to carry a debt that is no more than 15 percent of its annual budget.
PHOTO: CHIANG YING-YING, TAIPEI TIMES
Tang noted that the annual expenditure of the government exceeds its revenue. Because now is not a good time to raise taxes, Tang said, an adjustment to the debt law seems the appropriate solution.
Nevertheless, Tang said he would seek the opinions of others and discuss the issue with the Legislative Yuan.
Tang said it was currently impossible to fulfill the financial requests of local governments. He added that he hoped the central and local governments could help each other through the rough times.
Hualien County Commissioner Wang Chin-feng (王慶豐) and Taichung City Mayor Chang Wen-ying (張溫鷹) visited the Executive Yuan yesterday, expressing concern over local government's financial difficulties.
Taiwanese Olympic badminton men’s doubles gold medalist Wang Chi-lin (王齊麟) and his new partner, Chiu Hsiang-chieh (邱相榤), clinched the men’s doubles title at the Yonex Taipei Open yesterday, becoming the second Taiwanese team to win a title in the tournament. Ranked 19th in the world, the Taiwanese duo defeated Kang Min-hyuk and Ki Dong-ju of South Korea 21-18, 21-15 in a pulsating 43-minute final to clinch their first doubles title after teaming up last year. Wang, the men’s doubles gold medalist at the 2020 and 2024 Olympics, partnered with Chiu in August last year after the retirement of his teammate Lee Yang
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US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer began talks with high-ranking Chinese officials in Switzerland yesterday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy. The US delegation has begun meetings in Geneva with a Chinese delegation led by Chinese Vice Premier He Lifeng (何立峰), Xinhua News Agency said. Diplomats from both sides also confirmed that the talks have begun, but spoke anonymously and the exact location of the talks was not made public. Prospects for a major breakthrough appear dim, but there is
The number of births in Taiwan fell to an all-time monthly low last month, while the population declined for the 16th consecutive month, Ministry of the Interior data released on Friday showed. The number of newborns totaled 8,684, which is 704 births fewer than in March and the lowest monthly figure on record, the ministry said. That is equivalent to roughly one baby born every five minutes and an annual crude birthrate of 4.52 per 1,000 people, the ministry added. Meanwhile, 17,205 deaths were recorded, resulting in a natural population decrease of 8,521, the data showed. More people are also leaving Taiwan, with net
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