1. To support national construction and government expenditures, we completed the financing for the 2025 Central Government General Budget Proposal as well as the fifth phase of the Forward-looking Infrastructure Development Program Special Budget Proposal (2025), which were passed by the Executive Yuan and then submitted to the Legislative Yuan for approval, as follows:
(1) The 2025 Central Government General Budget Proposal: the annual revenues and expenditures drawn separately were NT$3,153.4 billion and NT$3,132.5 billion, leading to a NT$20.9 billion surplus. The surplus with the debt repayment of NT$141.5 billion for financing totaled NT$120.6 billion, which will be funded by the NT$50.0 billion surplus from previous fiscal years and NT$70.6 billion debt borrowing.
(2) The fifth phase of the Forward-looking Infrastructure Development Program Special Budget Proposal (2025): the annual expenditures drawn were NT$70.3 billion. All expenditures will be funded with debt borrowing.
2. 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 2025 are separately NT$43.0 billion and NT$47.4 billion, both of which will be funded with debt borrowing.
3. 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 28.6% in 2025 (actual debt-to-GDP as of August 31th, 2024 is 26.0%), maintaining sufficient fiscal resilience.