Taiwan's economy grew 11.05% in the first half, funding a NT$10,000 cash handout
Taiwan is handing every resident NT$10,000 in cash after a double-digit growth surge, good news for households and a political win for the government.
- Taiwan's economy grew 11.05% in the first half of the year, giving the government room to spend.
- The NT$237.5 billion handout is funded without new borrowing and without cutting other programs.
- Next year's central budget is balanced, with spending matching income, and government debt has fallen to 22.4% of the economy — well under the 40.6% ceiling.
- Three budget lines top NT$1 trillion each: defense, social welfare, and grants to local governments.
- New family spending includes a monthly NT$5,000 allowance for every child up to age 18, plus extra money to shore up the national health insurance system.
Outlook: The cash payments and expanded family benefits should support consumer spending into next year, though the growth rate that paid for them is unlikely to repeat.