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| Adminstrative Policies： |
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1.Amendment to the regulations： |
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“The Amendment Draft of the National Treasury Act” was presented to the Executive Yuan on May, 2006 for review by the Legislative Yuan. Since amendment to the draft was not completed during the sixth legislative term, the previous draft shall be replaced with a new one that will be sent to the Legislative Yuan for the next legislative session.
In order to improve local governments’ fiscal position and raise theirs fiscal autonomy, an amendment to the “Act Governing the Allocation of Government Revenues and Expenditures”, drafted by the Ministry of Finance in coordination with the Directorate-General of Budget, Accounting and Statistics, was sent to the Legislative Yuan for examination and was designated as a priority bill. Since the draft was not approved during the sixth legislative term, it shall be replaced with a new draft that shall be sent to the Legislative Yuan for the next legislative session . |
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2.Continuously promoting the payment mechanism for taxcollecting institutions.： |
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The MOF will pay service charges to commissioned financial institutions collecting national taxes on April 1st, 2008, instead of holding the tax for a few days, in order to for there to be the reasonable reflection of the costs of financial institution in the collection of taxes over the counter, to raise the will to collect tax , to solve the problem whereby some financial institutions refuse to accept overdue tax receipts, and to improve the convenience for people to pay tax. |
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3.To set up information common management platform： |
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To increase the information flow and effective applications, the NTA will set up information common management platform of all systems, and to establish data warehouse, to effectively manage information, to support decision analysis, to plan a single sign-on and portal web page, it facilitates each member to use information of each system by his/her authorization. |
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4.Continuous promoting and implementing the electronic payment operation of the National Treasury： |
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In order to perfect the fiscal system and keep the government revenues and expenditures in balance by 2011, in accordance with the“Fiscal Reform Plan”, the relevant fiscal reform tasks based on tax revenues, non-tax revenues and expenditures will be accelerated, various reform measures will be enforced, including a thorough review of the tax system, improving the utilizing efficiency of public properties and operating performance of public enterprises elevated, and strengthening the review of cost and benefit of each administrative plan, with an aim to upgrade the expenditure efficiency. It is expected to achieve both economic development and fiscal stabilization through a sound fiscal foundation to support the government administration. |
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5.Positively promoting” the fiscal reform plan”： |
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The Agency will continue to keep close contact with every major revenue and expenditure agency of the Central Government to monitor the implementation status of revenues and expenditures, so as to facilitate the estimate of the Treasury on revenues and expenditures, and vitalize the funding distribution of the National Treasury, and in order to support administrative needs of the government. When the National Treasury is inadequate, in addition to appropriate borrowings, the Agency will coordinate with the non-operational funds or the public enterprises without private shares to pay to the Treasury in advance. When the National Treasury is in surplus, the funds will be used to repay various loans in advance or repurchase the Treasury Bills to reduce the fiscal burden of the National Treasury. |
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6.Strengthen the financial funding distribution of the National Treasury and improving the efficiency of fundutilization： |
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The Ministry of Finance will continue release shares of the Central Reinsurance Corporation and the Taiwan Development Corporation based on the principles of “The Merger and Share Release Guidelines for Government-Owned Financial Institutions”. |
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7.Continuous Enaction of the Consolidation of Government-Owned Financial Institutions Based on “ The Merger and Share Release Guidelines for Government-Owned Financial Institutions “： |
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The privatization plan of the Taiwan Tobacco and Liquor Corporation has been discussed and a conclusion was made in the 145th and 150th meetings of The Committee for the Promotion of the Privatization of Government-Owned Enterprises, Executive Yuan on November 10th, 2006 and on June 22nd, 2007. The Taiwan Tobacco and Liquor Corporation will follow the conclusion to modify the plan and propose the modified plan to the Executive Yuan. The Ministry of Finance will execute the related procedure of privatization after the Executive Yuan has approved the modified plan, and the privatization is scheduled to be completed at the end of 2009. |
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8.Strengthening of the Management of Government Shareholdings and Improvement of the Competitiveness of National and Private Enterprises： |
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The Ministry of Finance will continue to institute the related operational procedures including the merger of the sub-bank of the Bank of Taiwan and that of the Export-Import Bank of the ROC; the establishment of an import-export insurance sub-company whose business is divided from that of the Export-Import Bank of the ROC; and the partition or alienation of business of securities of the Land Bank of Taiwan whereby and after which such business will be transferred to the securities company of the Holding Company. |
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9.Strengthening debt management and promoting the operating performance： |
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On the premise that outstanding debt will not be increased, the Agency will keep raising new debts to repay the old debts to modify the debt structure, smooth the profile of redemption, and balance the burden between generations. The Agency also employs the advanced national debt management measure and deliberates various projects of elevating the fiscal operating efficiency of Debt Service Fund and perfect the issue mechanism of government bonds to promote the development of the capital market, lower the bond issuing cost, and lighten the burden of debt interest. |
