The FY2017 General Budget Proposal of Taipei Municipal Government Has Been Approved by Taipei City Council on January 10, 2017
The FY2017 general budget proposal of Taipei Municipal Government has been approved by Taipei City Council on January 10, 2017. The approved annual revenue for the FY2017 amount to NTD 160.86 billion, showing 0.03% increase of those for the budget proposal, while the approved annual expenditure for the FY 2017 amount to NTD 165.76 billion, 0.66% decrease of those for the budget proposal. Compare to those for the FY2016 general budget, the annual revenue and expenditure decrease of 1.60% and increase 1.69% respectively. The deficit of the annual revenue and expenditure (NTD4.9 billion) and the debt repayment (NTD 8.6 billion) will be financed with NTD 13.50 billion for the surplus of previous fiscal years.