The Executive Yuan on Thursday approved a proposed special budget for the central government to strengthen economic, social, livelihood and security resilience in response to international developments. Prepared by the Directorate-General of Budget, Accounting and Statistics, the special budget aims to provide prompt assistance to industries and individuals impacted by recent U.S. tariffs, and to enhance Taiwan's economic momentum and international competitiveness. The bill will now be submitted to the Legislative Yuan for deliberation.
Premier Cho Jung-tai said that although Taiwan-U.S. tariff negotiations have not yet concluded, in order to help industries swiftly adapt to emerging needs and the new global trade order, the Executive Yuan is proposing the special budget of NT$550 billion (approximately US$18.1 billion) under the recently passed special act to strengthen Taiwan's economic, social, livelihood and security resilience in response to international developments. The bill includes allocations of NT$78 billion (approx. US$2.6 billion) to support industries, NT$15 billion (approx. US$494.9 million) to stabilize employment, NT$307 billion (approx. US$10.1 billion) to safeguard people's livelihoods and NT$150 billion (approx. US$4.9 billion) to enhance national resilience.
The premier directed relevant ministries and agencies to actively communicate with the Legislative Yuan to facilitate the successful passage of the special budget proposal, thereby ensuring timely support for industries and the public.