The FY2018 General Budget Proposal of Taipei Municipal Government Has Been Approved by Taipei City Council on August 29, 2017
The FY2018 general budget proposal, the subordinate agency budget and consolidated tables of general budget proposal, and the FY2017 supplementary budget proposal of Taipei Municipal Government have been submitted to Taipei City Council on August 29, 2017. The annual revenue for the FY2018 general budget proposal amounts to NTD164.86 billion, and the annual expenditure for FY2018 amounts to NTD174.63 billion, showing increases of 2.48% and 5.35%, respectively, compared to those for the FY2017 general budget. The amount of the shortfall of the annual revenue and expenditure (NTD9.77 billion) and the debt repayment (NTD10 billion) will be NTD19.77 billion financed with the surplus of previous fiscal years.
The FY2018 Subordinate Agency Budget and Consolidated Tables of the General Budget Proposal of Taipei Municipal Government have been submitted to Taipei City Council on August 29, 2017. The annual revenue goal for the FY2018 amounts to NTD225.87 billion while the annual expenditure for the FY2018 amounts to NTD213.05 billion. Compared to those for the FY2017 Subordinate Agency Budget, the annual revenue and expenditure decrease 5.01% and 6.02%, respectively. The surplus is NTD12.82 billion and indicates an increase of 15.70% when compared to that for FY2017.
The net annual revenue for the FY2017 supplementary budget proposal additionally amounts to NTD8.08 billion, and the net annual expenditure additionally amounts to NTD5.11 billion. After the addition/reduction, the FY2017 annual revenue amounts to NTD168.94 billion and expenditure amounts to NTD170.87 billion, having increased 3.35% and 4.82%, respectively, in comparison with those for FY2016.