Politics / Economy

Add as a preferred source on Google

Taiwan Sends NT$3.92 Trillion 2027 Budget to Committee Review

The proposal sets aside NT$235.7 billion for NT$10,000 payments, with funding to come entirely from higher tax revenue tied to technology-sector growth.

Updated 1 min read
Lawmakers meet for a budget review inside Taiwan's Legislative Yuan in Taipei. (AI-generated image / EconoTimes)
Lawmakers meet for a budget review inside Taiwan's Legislative Yuan in Taipei. (AI-generated image / EconoTimes)

Taiwan’s proposed NT$3.92 trillion central budget for 2027, including funding for NT$10,000 cash payments, was sent to committee Tuesday after Premier Cho Jung-tai answered lawmakers’ questions, Focus Taiwan reported.

The Executive Yuan’s plan sets aside NT$235.7 billion for the payments, worth about US$307.40 each. The government says the money would come entirely from increased tax receipts associated with technology-sector growth, amid a forecast 11.05% expansion of the economy in 2026. The Executive Yuan says the payments are intended to spread some of the economic gains from Taiwan’s expanding technology industries.

Potential recipients include citizens with household registration in Taiwan, nationals with residence permits who lack household registration, and foreign nationals holding permanent residence permits. The proposal also covers Taiwanese nationals’ spouses from China, Hong Kong, Macau or other countries if those spouses hold residence permits. Government personnel serving overseas and their dependents would qualify if both have Taiwan nationality.

A competing bill backed by the Kuomintang, Taiwan’s main opposition party, would require payments of NT$20,000. Focus Taiwan reported that the measure was referred to committee earlier this month; the bill refers only to “eligible individuals” without specifying who qualifies.

Related articles

View all