The FY2014 General Budget Proposal of Taipei Municipal Government Has Been Approved by Taipei City Council on December 31, 2013
The FY2014 general budget proposal of Taipei Municipal Government has been approved by Taipei City Council on December 31, 2013. The approved annual revenue for the FY2014 amounts to NT$160.85 billion, showing a 0.54% increase in comparison with the budget proposal while the approved annual expenditure for the FY 2014 stands at NT$171.23 billion, showing a 0.82% decrease against the budget proposal. Compare to the FY2013 general budget, the annual revenue increase 2.67% while the expenditure decrease 3.23%. The amount of the shortfall of the annual revenue and expenditure (NT$10.38 billion) and debt repayment (NT$6.6 billion) will be financed with NT$10 billion worth of bonds and loans, and NT$6.98 billion from the surplus of previous fiscal years.