Taiwan opposition threatens to cut CPC Corp's NT$233.8 billion capital injection from supplementary budget
Taiwan's cabinet has slipped a huge cash injection for the state-run oil company into a supplementary budget, and opposition lawmakers say they may delete the whole thing.
- The government wants to hand state oil firm CPC about NT$234 billion after six straight years of losses.
- That single item is close to 40% of a record supplementary budget of over NT$600 billion.
- KMT lawmaker Hsu Yu-chen wants answers on why CPC keeps losing money, how much comes from government-mandated pricing, who is accountable, and how the money fixes anything.
- The opposition says the timing is deliberate: pushing it through with only three months left to review, instead of putting it in next year's regular budget.
- The same budget includes NT$55.9 billion for drones, which the opposition says proves the earlier push for a special drone budget was never urgent.
Outlook: The legislature is heading for a bruising fight over the budget, with a real chance the CPC money gets cut entirely.