The special resilience budget, which includes funding for NT$10,000 (US$327.39) cash handouts for the public, is set to proceed to its third reading on Friday after a consensus was reached in a cross-party negotiations today.
The government is to "execute the cash distribution as quickly as possible" after the special act passes its third reading and is promulgated by the president, Executive Yuan spokeswoman Michelle Lee (李慧芝) previously said.
The Cabinet on Sept. 11 approved a NT$550 billion budget, based on the newly amended 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), which stipulated a budget ceiling of NT$570 billion.
Photo: Taipei Times
The NT$550 billion budget includes NT$236 billion for cash handouts, while NT$20 billion would be reserved for future industrial support.
The special budget passed its initial review at the legislature on Thursday last week.
All three major party caucuses today agreed that the budget is to proceed to its third reading at the legislature on Friday, while the legislature is not to request a reconsideration of the bill.
The party caucuses are to hand in their proposals regarding the special budget to the Finance Committee by noon tomorrow and proceed to cross-party negotiation in the afternoon.
There would also be no interpellation during the plenary session on Friday.
The session would not handle impromptu motions, but only bills that do not require negotiations.
The Executive Yuan has started preparing for ensuing relevant procedures, Lee has said.
The disbursement of cash handouts has to begin one month after the bill is promulgated, Lee said, citing Article 9 of the special act.
Additional reporting by Fang Wei-li and Esme Yeh
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