KMT Proposes Stimulus Payments After Taiwan Reports US$16B Tax Surplus

TaiwanPlus News

Taiwan's finance ministry is reporting a 2024 tax surplus of over US$16 billion. Opposition Kuomintang lawmakers are proposing paying some of that money back to the public, by handing out US$305 cash payments.

Transcript

00:00Taiwan's finance ministry has reported a 2024 tax surplus of over 16 billion U.S. dollars.

00:08Opposition Kuomintang lawmakers are now proposing to give some of that money back to the public.

00:14Promoting the 2.0 payment system, so that every person can pay 10,000 yuan in cash,

00:21will become one of the key proposals of the Kuomintang party.

00:28KMT lawmakers are citing cash handouts the government made after a tax surplus in 2023

00:34as the basis for their proposal.

00:36But Taiwan's finance ministry says it wants to use the surplus for government spending

00:41and repaying debts.

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