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Cabinet approves 2022 budget
The cabinet has approved the central government's proposed 2022 budget of NT$2.2391 trillion.
The budget focuses heavily on social welfare funding.
It represents an annual 9% increase, but will still leave a deficit of NT$23 billion.
The central government has said that spending is forecast to rise by about 5.9% next year.
According to the cabinet, the largest portion of the budget will go to social welfare, with an allocation of NT$601.8 billion.
Education, cultural and science projects will be getting 20.1% of the budget, while national defence will get a 15.7% share of the budget.
The proposal also shows the economic development programmes will be getting 11.5% of the total 2022 budget.
The budget bill is expected to be submitted to the legislature by the end of the month for review and passage.
