The Legislative Yuan today approved a NT$6 trillion (US$184.77 billion) central government subsidiary budget for this fiscal year.
The budget covers state-run utilities and funds, for a total of 119 different entities.
According to the Executive Yuan’s proposed operating and non-operating subsidiary budgets, the total projected revenue is NT$6.8074 trillion, while expenditures total NT$6.7634 trillion.
Photo: Taipei Times
This budget is based on established policy objectives and goals, allowing state-owned enterprises to function, and allocates resources for special non-operational funds to meet government priorities.
The Budget Act (預算法) requires the general budget proposal to be approved by the Legislative Yuan one month prior to the beginning of a new fiscal year, then announced by the president 15 days prior to the beginning of the new fiscal year.
If a budget is not approved prior to those deadlines, the Executive Yuan can continue with the prior year’s budget, but it cannot allocate funds for new capital expenditures or plans.
The approved budget for state-owned enterprises is similar to the original proposals.
However, legislators did scrutinize the national utilities budget, agreeing to remove NT$250 billion allocated to Taiwan Power Co for thermal power generation.
The legislature came close to the deadline to pass the bill, with lawmakers proposing a total of 782 budgetary cuts or freezes.
Chinese President Xi Jinping (習近平) is unlikely to attempt an invasion of Taiwan during US president-elect Donald Trump’s time in office, Taiwanese and foreign academics said on Friday. Trump is set to begin his second term early next year. Xi’s ambition to establish China as a “true world power” has intensified over the years, but he would not initiate an invasion of Taiwan “in the near future,” as his top priority is to maintain the regime and his power, not unification, Tokyo Woman’s Christian University distinguished visiting professor and contemporary Chinese politics expert Akio Takahara said. Takahara made the comment at a
Upon its completion next year, the new Tamkang Bridge (淡江大橋) in New Taipei City is to be an important landmark in Taiwan, alongside Taipei 101, Minister of Transportation and Communications Chen Shi-kai (陳世凱) said today. The bridge is scheduled to be completed in December next year and open to the public in the first half of 2026, connecting New Taipei City’s Tamsui (淡水) and Bali (八里) districts. It is an asymmetric single-tower suspension bridge, nearly 70 stories tall, designed by world-famous architect Zaha Hadid. The bridge aims to alleviate traffic in Tamsui and on the Guandu Bridge (關渡大橋), in addition to increasing the
PROBLEMATIC: Popular hotpot restaurant chains were among the list of restaurants that failed the inspection and have been ordered to remove bad ingredients The Taipei Department of Health’s latest inspection of hotpot ingredients in hotpot restaurants resulted in a 16.7 percent failure rate. Eight vegetables had excessive pesticide residue and two other items had aflatoxin and excessive preservatives. As the weather is getting colder, more people eat at hotpot restaurants so a random inspection of ingredients was conducted in October to ensure food safety, the department said. Food and Drug Division Director Lin Kuan-chen (林冠蓁) said 60 different ingredients were tested: 15 high-risk vegetables, 15 processed food items, 10 soy-based food items, five meat items, five lamb items, five seafood items and five peanut powder
EXERCISES: A 2022 article by a Chinese intelligence expert identified at least six People’s Liberation Army assault boats hidden inside the Hong Kong-flagged ship A Hong Kong-flagged cargo ship that had been docked at Taichung Port and which previously took part in Chinese military exercises departed from the port on Saturday, the Taiwan International Ports Corp’s Taichung branch said yesterday. The statement came in response to a post on the social media platform X by Taiwan-based journalist Chris Horton that said the ship, the SCSC Fortune, had been docked at the port since Tuesday and questioned whether Taiwan has any rules regarding foreign civilian vessels that have participated in People’s Liberation Army (PLA) exercises. Horton referenced a 2022 article by Chinese intelligence expert Rod Lee that
RSS