Reported 8 months ago
Local governments are engaged in a battle for funding as the Finance Committee of the Legislative Yuan will review the amendments to the Fiscal Plan Law line by line on June 19, with the Ministry of Finance completing relevant calculations for the proposed versions by the Kuomintang caucus and the People's Party caucus. The additional revenue for six municipalities ranges from 1,186 billion to 2,340 billion yuan. The amendment to the Fiscal Plan Law, unchanged for 25 years, has raised significant concerns, with a total of 20 versions proposed in the Legislature, but the Democratic Progressive Party and the Executive Yuan have yet to present their own amendment versions.
Source: YAHOO