Legislature approves NT$1.998 trillion general budget for 2019
Jan 10, 2019EntertainmentComments Off on Legislature approves NT$1.998 trillion general budget for 2019
Taipei, Taiwan's Legislature on Thursday passed the central government's general budget proposal for fiscal year 2019, after cutting it by 1.19 percent to NT$1.998 trillion (US$64.88 billion).
During the extraordinary session that began on Jan. 2, ruling and opposition lawmakers put forward 2,157 proposals for budget cuts, but the number was reduced to 202 during cross-caucus negotiations chaired by Legislative Speaker Su Jia-chyuan from Monday to Wednesday.
Lawmakers finally settled on a budget of NT$1.998 trillion, cutting 1.19 percent from the government's estimate of NT$2.022 trillion.
The opposition Kuomintang's (KMT's) proposals to cut or freeze budgets for government agencies such as the Central Election Commission, Ill-Gotten Party Assets Settlement Committee and Transitional Justice Commission did not get enough votes to pass.
After the extraordinary session, Su wrote on his Facebook page that he hopes the passage of the government budget proposal can "inject more energy into the nation's development, so that the country can move forward at a faster pace."