The national budget seems set to be a continued issue of tension between the DPP and KMT in the upcoming year. Notably, the review of the budget has been stalled, affecting financial planning for the year. Normally, the budget would have long since been reviewed and passed by now...
The KMT and TPP have acted to block the Executive Yuan’s draft of the Fiscal Planning Act. This was accomplished by postponing its first reading on the floor of the legislature and proposing no plans for it to be discussed at a later date. As such, the move de facto sends the Fiscal Planning Act back to the Executive Yuan...
The KMT and TPP have criticized the Lai administration’s efforts to use a 410 billion NT special budget to provide financial relief for industries affected by the US tariff shocks. The KMT and TPP have criticized the special budget as insufficient, while calling for more money to be spent on relieving industry...
The KMT has continued to lean into the idea of cash handouts to the citizenry. The idea has now shifted to be framed as an emergency relief measure for the Trump administration’s tariffs, which will have a significant impact on Taiwan and the world...
Taiwan reported record-high tax revenue for 2024, with 3.73 trillion NT in taxes collected. This is a larger windfall than expected, in that there were 497.2 billion NT more in taxes than budgeted for by the government. The extra revenue is due to strong exports, as well as stock gains because of market enthusiasm about artificial intelligence...
