01.04.2001
2001 budget just makes it…

The Legislative Yuan (LY) finally approved the central government’s 2001 budget in the early hours this morning. Opposition lawmakers that had been using the budget as a policy tool against the DPP led Cabinet, finally passed the budget before breaking until the next LY session in Feb. 2001. However, the Cabinet’s proposed expenditure suffered a 2% cut down to NT$1.576t, while the central government’s revenue is reported to have been slashed by some NT$78b, down to NT$1.380t. Social welfare accounts for some 19% of the budget while defense and education each make up 16%, while economic development takes up some 13%. The remainder consists of administrative and miscellaneous expenses
Irmak Surenkok