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Actively raising funds to support government expenditures.

Conetent:
1. To support government expenditures, the NTA completed the financing for the FY2022 Central Government General Budget Proposal, which was approved by the Executive Yuan and then submitted to the Legislative Yuan for enactment. This Proposal has later been revised in order to make a wage hike for public-sector employees. The amended annual revenues and expenditures drawn were NT$2,239.1 billion and NT$2,278.4 billion, respectively, leading to a NT$39.3 billion deficit. The deficit with the debt repayment of NT$96 billion for financing totaled NT$135.3 billion, which will be funded by the NT$66.3 billion surplus from previous fiscal years and NT$69 billion debt borrowing.
2. The amount of the Relief and Revitalization Measures for Severe Pneumonia with Novel Pathogens Special Budget and its three supplementary budgets were NT$679.4 billion. Since the domestic coronavirus outbreak has been brought under control recently, the government plans to stimulate domestic consumption, boost the economy, and assist domestic demand-driven industries to recover from the pandemic by arranging the fourth supplementary special budget with the amount of NT$159.9 billion. The total amount of the special budget and its four supplementary budgets are to be NT$839.3 billion, which will be funded by the NT$30 billion surplus from previous fiscal years and NT$809.3 billion debt borrowing.
3. In order to respond to enemy threats, the NTA completed the financing for the Sea-Air Combat Power Improvement Plan Purchase Special Budget. The expenditure of this special budget is NT$237 billion, which will be funded by debt borrowing. Through this momentous military investment, we look forward to showing our determination in self-defense.
4. To accelerate the construction of infrastructure, the NTA continues to execute the third stage of the Forward-looking Infrastructure Development Program Special Budget (FY2021-2022). The FY2022 budget of $105.7 billion is to be funded with debt borrowing.
5. To ensure national security and development, the NTA continues to execute the New Fighters Acquisition Special Budget (FY2020-2026). The FY2022 budget of NT$40.1 billion is to be funded by the NT$5 billion surplus from previous fiscal years and NT$35.1 billion debt borrowing.

Performance:
Strictly abiding by the Budget Act, the Public Debt Act, the Fiscal Discipline Act, and other regulations, the NTA has developed multiple channels for the cultivation of financial resources and has managed to control government debt. The ratio of the central government outstanding debt to the average of nominal GDP for the previous three years to the budget is 33.0% in 2022, within the debt limit ratio of 40.6%.

Issued:National Treasury Administration Release date:2019-05-14 Last updated:2022-01-13 Click times:325