Premier declines to countersign opposition-backed child savings account plan
Taiwan's political standoff is deepening as the cabinet refuses to sign off on an opposition spending plan, which is bad news for anyone hoping the government and legislature can work together.
- Premier Cho Jung-tai said he will not countersign the "children and youth future account" program pushed by the KMT and TPP.
- The refusal comes as the cabinet finalizes next year's central government budget.
- New Taipei Mayor Hou Yu-ih called for unity, saying both branches must act on a clear legal basis.
- Clashes between the legislature and the executive have become routine, with each side testing the limits of its powers.
Outlook: Expect the budget fight to escalate, with the dispute likely heading toward a constitutional test.