Reported 7 months ago
During the interpellation of Premier Zuo Rongtai and Minister of Finance Chuang Tsui-yun on June 14, 2024, it was emphasized that the Budget Act related to local financial planning has not been amended for over 20 years. The recent active promotion of amendments by both the ruling and opposition parties might lead to the central government losing its flexible ability to utilize funds for local subsidies and emergency responses. Premier Zuo pointed out the potential impact on the central government if the proposed amendments reduce the budget significantly, hindering its ability to allocate resources for various urgent needs and overall balanced national development.
Source: YAHOO