Actively raising funds to support government expenditures.
1. To support national construction and government expenditures, we completed the financing for the FY2020 Central Government General Budget Proposal, which is approved by the Executive Yuan and then submitted to the Legislative Yuan for enactment. The annual revenue and expenditure drawn are both NT$2,102.2 billion, which reach a balance. In addition, the debt repayment drawn is NT$85 billion in accordance with the Public Debt Act, whose financial resources is raised from debt, but the net increase in debt borrowing will be zero.
2. To accelerate the construction of infrastructure, we continue to execute the second stage of the Forward-looking Infrastructure Development Program Special Budget (FY2019-2020). The FY2020 budget of $118.2 billion is to be funded with debt borrowing.
In strictly abiding by the Budget Act, the Public Debt Act, and the Fiscal Discipline Act, etc., we have developed multiple channels for the cultivation of financial resource and controlled national debt. The annual revenue of the FY2020 Central Government General Budget Proposal drawn is NT$2,102.2 billion, which reaches a balance with the annual expenditure.