Taiwan Cabinet Proposes Modest Increase in 2017 Expenditures
- Cabinet releases draft 2017 budget for legislative approval
- Government debt-to-GDP ratio would decrease under the plan
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President Tsai Ing-wen’s administration proposed a modest spending increase on infrastructure in an overall budget plan that will pare the government’s debt level.
In a draft budget for 2017, the cabinet proposal includes a 3.1 percent increase in spending on public works to NT$186.9 billion ($5.95 billion) as part of an overall 1.1 increase in spending from 2016. The plan will be sent to the island’s legislature to be debated and passed.