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The FY2024 General Budget Proposal of Taipei Municipal Government Has Been Approved by Taipei City Council on January 31, 2024

The FY2024 general budget proposal with the subordinate agency budget and consolidated tables of the general budget proposal, and the second FY2023 supplementary budget proposal of Taipei Municipal Government have been approved by Taipei City Council on January 31, 2024. The annual revenue for the FY2024 general budget proposal amounts to NTD192.05 billion, and the annual expenditure for FY2024 amounts to NTD190.71 billion, respectively showing increases of 9.73% and 7.45%, compared to those for the FY2023 general budget. The surplus of the annual revenue and expenditure is NTD1.34 billion. Due to the debt repayment with NTD7.87 billion, the short will be financed with NTD6.53 billion for the surplus of previous fiscal years.


The FY2024 subordinate agency budget and consolidated tables of the general budget proposal of Taipei Municipal Government also have been approved by Taipei City Council on January 31, 2024. The annual revenue for the FY2024 amounts to NTD261.97 billion while the annual expenditure for the FY2024 amounts to NTD250.01 billion. Compared to those for the FY2023 subordinate agency budget, the annual revenue and expenditure show the decreases of 6.58% and 5.92%, respectively. The surplus is NTD11.96 billion and indicates a decrease of 18.47% when compared to that for FY2023.


The net annual revenue and expenditure for the second FY2023 supplementary budget proposal amount to NTD14.04 billion and NTD11.11 billion in addition, respectively. The surplus of the net annual revenue and expenditure is NTD2.93 billion, which will have less using the surplus of previous fiscal years for FY2023 general budget.