Universal cash handouts of NT$10,000 (US$330) are to be dispensed late next month at the earliest, pending approval by the Legislative Yuan, and would be issued using the same method as the NT$6,000 handouts issued in 2023, the Ministry of Finance said.
The Executive Yuan today is expected to approve the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例).
Photo: Taipei Times
The special budget stands at NT$550 billion, including NT$236 billion to be spent on cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries.
Handouts may then begin one month after the bill is promulgated and would be completed within seven months, available until early May, the ministry said.
The handout would be available to citizens with household registration in Taiwan; nationals without household registration, but in possession of a residency permit; permanent residents; foreign residents from China, Hong Kong, Macau and other countries with Taiwanese spouses; and government employees posted overseas and their Taiwanese dependents, it added.
There would be five options to claim the handout: direct bank transfer, registered transfer, ATM withdrawal, post office withdrawal and a roster-based distribution system, it said.
Additional reporting by CNA
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