DistantNews
Support us
🇹🇼 Taiwan /Economy & Trade

Taiwan to Distribute NT$10,000 to Each Citizen Next Year, Proving Economic Governance, Says Official

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Taiwan's President Lai Ching-te announced a plan to distribute 10,000 New Taiwan dollars to each citizen next year, funded by a balanced central government budget with zero debt.
  • DPP candidate Su Chiao-hui highlighted this as the fifth time the Democratic Progressive Party government has issued shared prosperity funds, demonstrating strong economic governance.
  • The distribution, planned as a Lunar New Year bonus, aims to share the benefits of economic growth, particularly from the "AI dividend," and is being initiated by the Executive Yuan.

Taiwan's President Lai Ching-te announced that the central government's budget for the upcoming year will include a distribution of NT$10,000 to every citizen. This initiative, framed as sharing the "AI dividend" with the public, will be funded by a balanced budget with no new government debt.

This is a symbol of shared economic growth and a big Lunar New Year red envelope for the people.

— Su Chiao-huiDescribing President Lai Ching-te's announcement of a NT$10,000 distribution to citizens.

Su Chiao-hui, a candidate for New Taipei City mayor representing the Democratic Progressive Party (DPP), praised the plan on Facebook. She described it as a symbol of shared economic growth and a "big Lunar New Year red envelope" for the people. Su emphasized that this marks the fifth time the DPP government has issued such shared prosperity funds, which she believes proves their effective economic governance.

Su shared graphics illustrating the government's past distribution efforts, including the "Triple Stimulus Voucher," "Five Times Stimulus Voucher," NT$6,000, and NT$10,000 distributions. She noted that this latest NT$10,000 distribution, intended as a Lunar New Year bonus, demonstrates the government's capability to manage the economy and issue cash handouts.

The DPP government's fifth issuance of shared prosperity funds proves its strong economic governance capabilities and its ability to distribute cash to the public.

— Su Chiao-huiHighlighting the significance of the planned cash handout.

She further clarified that the plan is being proactively proposed by the Executive Yuan and incorporated into the next fiscal year's budget, distinguishing it from proposals initiated by the Legislative Yuan without executive consent. Su urged opposition parties to expedite the review of the budget and called for the Executive Yuan to prepare the administrative procedures promptly, ensuring citizens can receive the funds efficiently.

This time, the Executive Yuan proactively proposed the plan and included it in the upcoming fiscal year's budget, so it can be distributed legally and constitutionally, with a balanced budget and no actual debt.

— Su Chiao-huiExplaining the legal and financial basis of the proposed cash distribution.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog