A legislative review of the 2025 central government budget remains stalled after opposition lawmakers demanded the Cabinet revise its spending plan.

Taiwan is making progress on its 2025 and beyond goals, but will it be enough?

By Tim Ferry

The cabinet has approved a proposed NT$3.33 trillion central government budget for 2025. The proposal includes the NT$3.13 trillion baseline budget and the NT$199.8 billion special budget.

Legislative Speaker Han Kuo-yu says the current legislative session will be extended until 21 January to allow for the passing of a delayed budget bill and other contested legislation.

The ECCT has released its 2025 Position Papers. Through the theme "Taiwan 2050: A Shared Vision" the papers outline the goals and aspirations that are shared by the government and ECCT and offer recommendations to realise their shared vision.

The National Development Council says Taiwan is set to become a "super-aged society" in 2025 as projected and its total population is projected to fall below 23 million in 2030 with a median age of 48.7.

The Ministry of Finance (MOF) says a tax incentive programme aimed at encouraging people to purchase energy-efficient household appliances will be extended until 14 June 2025.

While demand for AI-related products is expected to continue to boost related sectors, Taiwan’s overall economic performance faces geopolitical, energy and other challenges.

By Paul Shelton

H Henry Chang, Principal at Baker McKenzie, will serve as chairman of the ECCT's board of directors in 2025.

The Ministry of Environment is saying that mobile phone recycling regulations have been postponed to 1 January next year.