The government would distribute a NT$10,000 cash handout to all citizens next year as Taiwan’s economy continues to grow, President William Lai (賴清德) said today, emphasizing that economic growth could reach a 39-year high.
The president made the remarks this morning at the Presidential Office after being briefed on the Executive Yuan’s proposed central government budget for next year for the second time.
Photo: CNA
The forecasts for Taiwan’s economic growth have continued to improve, driven by its longstanding strengths in semiconductors, information and communications technology and manufacturing supply chains, Lai said.
The government would focus on five key policies next year: advancing its new family support strategy, strengthening national defense, implementing its Smart Nation 2.0 plan, accelerating public infrastructure projects to promote balanced development and increasing support for local governments, the president said.
The goal is to take care of every Taiwanese person and ensure everyone shares in the benefits of economic growth, he said.
Next year’s central government budget would add NT$235.7 billion (US$7.41 billion) in spending to fund the NT$10,000 cash handout, while keeping revenue and expenditure balanced and avoiding new borrowing, Lai said.
In addition, total defense spending next year would exceed NT$1 trillion for the first time, reaching NT$1.1225 trillion, he added.
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