Cabinet accepts party caucus consensus on budget
Courtesy of ICRT
The cabinet is accepting an agreed reduction of NT$25.5 billion from the government's proposed 2021 budget after lawmakers from the ruling and opposition parties reached a consensus on budgetary cuts during their ongoing negotiations.
DPP lawmakers agreed last Friday to the NT$25.5 billion in cuts, which is around 1.18% of the total NT$2.1615 trillion in planned government expenditures for this year.
The planned budget now contains 20% less for public relations by government agencies, 5% less for subsidies to local governments, and a 3% decline on spending for military equipment and facilities.
The cuts also include 40% less for trips to China, 5% less for overseas trips and training, as well as 5% cut in budgetary spending for outsourcing government projects.
Cabinet Secretary-General Li Meng-yen says the government agreed to the cuts in the interest of quickly passing the budget.
DPP caucus whip Ker Chien-ming has said he hopes lawmakers will pass the final budget this Friday before the ongoing extraordinary session concludes on Sunday.