Lawmakers yesterday approved a NT$60 billion (US$1.99 billion) special budget to fund disease prevention efforts, as well as bail out and support sectors affected by the COVID-19 pandemic.
The budget, planned according to the Special Act on COVID-19 Prevention, Relief and Recovery (嚴重特殊傳染性肺炎防治及紓困振興特別條例), was passed unanimously in its entirety just 16 days after it was unveiled.
The Legislative Yuan had earlier this month held three joint committee reviews, during which lawmakers agreed to leave the budget intact based on a consensus that disease prevention is the top priority.
Photo: Ann Wang, Reuters
The Ministry of Economic Affairs is to receive the lion’s share of the budget, NT$20.49 billion, which is to cover guarantees for small and medium-sized enterprises that need to take out loans, subsidized loans and coupons redeemable at stores, restaurants and beverage shops, traditional and night markets, and shopping districts.
It is also to use the funds to pay for the expropriation of mask production machinery and the development of new screening kits, support manufacturers developing new technologies and facilitate companies’ efforts to boost their exports.
The Ministry of Health and Welfare would receive NT$16.96 billion, which would go toward the research and development of drugs and vaccines targeting COVID-19; isolation and hospitalization of COVID-19 patients at designated facilities; compensation for medical personnel stationed at quarantine sites, quarantined people and those taking care of quarantined family members; and the procurement of kits, equipment and consumables to test for the novel coronavirus.
Photo: Chien Jung-fong, Taipei Times
The Ministry of Transportation and Communications is to receive NT$16.77 billion, which is to be used to bail out operators in the transportation and tourism industries that have been significantly affected by the pandemic, as well as to improve tourist destinations in preparation for plans to attract international tourists after the disease is under control.
The Council of Agriculture is to receive NT$3.56 billion to fund efforts to increase exports of produce, seafood and meat products, as well as to subsidize farmers and fishers.
The Ministry of Culture is to receive NT$800 million, which would be used to support cultural and arts venues, offer discounts when people shop at such venues and hold events to revitalize the arts and cultural sectors.
The budget is not bound by Articles 62 and 63 of the Budget Act (預算法), meaning that the funding can be transferred among agencies.
However, a resolution passed during cross-caucus negotiations on Thursday says that if an interdepartmental transfer of funds would exceed NT$50 million, the concerned agencies should first notify the legislature of the transfer.
Speaking after the passage of the budget, Democratic Progressive Party Legislator Chuang Jui-hsiung (莊瑞雄) thanked lawmakers across party lines for the swift review of the budget and the flexibility given to the agencies to use the funds.
He expressed gratitude to medical personnel who are on the front line in the fight against the virus, saying he hoped that the budget would lessen their burden as they safeguard public health.
Chinese Nationalist Party (KMT) Legislator Johnny Chiang (江啟臣) said that while not all agencies had rendered a report on the effects COVID-19 would have on the industries under their jurisdiction, lawmakers gave them the budgets that they had requested.
FIREPOWER: On top of the torpedoes, the military would procure Kestrel II anti-tank weapons systems to replace aging license-produced M72 LAW launchers Taiwan is to receive US-made Mark 48 torpedoes and training simulators over the next three years, following delays that hampered the navy’s operational readiness, the Ministry of National Defense’s latest budget proposal showed. The navy next year would acquire four training simulator systems for the torpedoes and take receipt of 14 torpedoes in 2027 and 10 torpedoes in 2028, the ministry said in its budget for the next fiscal year. The torpedoes would almost certainly be utilized in the navy’s two upgraded Chien Lung-class submarines and the indigenously developed Hai Kun, should the attack sub successfully reach operational status. US President Donald Trump
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to start construction of its 1.4-nanometer chip manufacturing facilities at the Central Taiwan Science Park (CTSP, 中部科學園區) as early as October, the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported yesterday, citing the park administration. TSMC acquired land for the second phase of the park’s expansion in Taichung in June. Large cement, construction and facility engineering companies in central Taiwan have reportedly been receiving bids for TSMC-related projects, the report said. Supply-chain firms estimated that the business opportunities for engineering, equipment and materials supply, and back-end packaging and testing could reach as high as
ALL QUIET: The Philippine foreign secretary told senators she would not respond to questions about whether Lin Chia-lung was in the country The Ministry of Foreign Affairs on Wednesday confirmed that a business delegation is visiting the Philippines, but declined to say whether Minister of Foreign Affairs Lin Chia-lung (林佳龍) is part of the group, as Philippine lawmakers raised questions over Lin’s reported visit. The group is being led by Deputy Minister of Agriculture Huang Chao-chin (黃昭欽), Chinese International Economic Cooperation Association (CIECA) chairman Joseph Lyu (呂桔誠) and US-Taiwan Business Council (USTBC) vice president Lotta Danielsson, the ministry said in a statement. However, sources speaking on condition of anonymity said that Lin is leading the delegation of 70 people. Filinvest New Clark City Innovation Park
DEFENSIVE EDGE: The liaison officer would work with Taiwan on drones and military applications for other civilian-developed technologies, a source said A Pentagon unit tasked with facilitating the US military’s adoption of new technology is soon to deploy officials to dozens of friendly nations, including Taiwan, the Financial Times reported yesterday. The US Department of Defense’s Defense Innovation Unit (DIU) is to send a representative to collaborate with Taiwan on drones and military applications from the semiconductor industry by the end of the year, the British daily reported, citing three sources familiar with the matter. “Drones will certainly be a focus, but they will also be looking at connecting to the broader civilian and dual-use ecosystem, including the tech sector,” one source was
RSS