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The FY2021 General Budget Proposal of Taipei Municipal Government Has Been Submitted to Taipei City Council on July 31, 2020

The FY2021 general budget proposal, the subordinate agency budget and consolidated tables of general budget proposal, and the second FY2021 supplementary budget proposal of Taipei Municipal Government have been submitted to Taipei City Council on July 31, 2020. The annual revenue for the FY2021 general budget proposal amounts to NTD162.30 billion, and the annual expenditure for FY2021 amounts to NTD173.14 billion, respectively showing decrease of 1.46% and increase of 3.06% , compared to those for the FY2020 general budget. The amount of the shortfall of the annual revenue and expenditure (NTD10.84 billion) and the debt repayment (NTD8.81 billion) total NTD19.65 billion which will be financed with the surplus of previous fiscal years.

The FY2021 subordinate agency budget and consolidated tables of the general budget proposal of Taipei Municipal Government have been submitted to Taipei City Council on July 31, 2020. The annual revenue goal for the FY2021 amounts to NTD 323.84 billion while the annual expenditure for the FY2021 amounts to NTD 312.62 billion. Compared to those for the FY2020 subordinate agency budget, the annual revenue and expenditure show the increases of 51.26% and 53.04%, respectively. The surplus is NTD11.22 billion and indicates an increase of 14.26% when compared to that for FY2020.
 
The net annual revenue and expenditure for the second FY2020 supplementary budget proposal amount to NTD4.80 billion and NTD4.36 billion in addition, respectively. The amount of the surplus of the net annual revenue and expenditure (NTD0.44 billion) will be transferred as the surplus of previous fiscal years.