1. To support national construction and government expenditures, the annual revenues and expenditures of the 2024 Central Government General Budget are NT$2,725.2 billion and NT$2,851.9 billion respectively, leading to a NT$126.7 billion deficit. Combined with the debt repayment of NT$115.0 billion, the total financing demand is NT$241.7 billion, which will be funded by the NT$84.6 billion surplus from previous fiscal years and NT$157.1 billion debt borrowing.

2. To drive the overall economic momentum, The NTA continues to execute the fourth stage of the Forward-looking Infrastructure Development Program Special Budget (2023-2024). The expenditure of the special budget in 2024 is NT$105.5 billion, which will be funded with debt borrowing.

3. To ensure national security and development, we continue to execute the New Fighters Acquisition Special Budget (2020-2026) and the Sea-Air Combat Power Improvement Plan Purchase Special Budget (2022-2026). The annual expenditures of these special budgets in 2024 are separately NT$45.3 billion and NT$49.0 billion, both of which will be funded with debt borrowing.

4. In the post-pandemic era, in order to comprehensively strengthen economic and societal resilience and adaptability of the nation, and to ensure that the benefits of economic growth are shared with the public, the “Enhancing Post-pandemic Economic and Social Resilience and National Sharing Economy Achievement Special Budget” was drawn. The expenditure of this special budget is NT$379.9 billion, which will be funded by the NT$379.9 billion surplus from previous fiscal years.

Performance:

We will strictly abide by the Budget Act, the Public Debt Act, the Fiscal Discipline Act, and other regulations to manage to control government debt. The ratio of the central government's outstanding debt to the average nominal GDP for the previous three years to the budget is projected to be 30.1% in 2024 (actual debt-to-GDP as of January 19th is 26.0%), maintaining sufficient fiscal resilience.