Fu Kun-chi: Taiwan's Extra Budget Bill to Clear Before Local Elections
Taiwan's legislature is on track to pass a large supplementary budget before the November 28 local elections, a neutral-to-positive sign for the ruling and opposition camps alike since it clears a big item off the table before voters go to the polls.
- KMT caucus whip Fu Kun-chi says the NT$607.6 billion (roughly $20 billion) extra budget will be finished before the nine-in-one elections.
- The money is earmarked for cost-of-living relief, welfare boosts, pay raises, disaster recovery, defense spending, and a new child allowance.
- Premier Cho Jung-tai's report to the legislature on the budget was pushed back from October 23 to November 3 because of a typhoon.
- A separate push to raise the elderly farmers' subsidy is still alive but has no set timeline yet.
Outlook: Expect the budget to move quickly through the legislature in early November so lawmakers can campaign on it before the election.