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The FY2020 General Budget Proposal of Taipei Municipal Government Has Been Submitted to Taipei City Council on August 27, 2019

The FY2020 general budget proposal, the subordinate agency budget and consolidated tables of general budget proposal, and the second FY2019 supplementary budget proposal of Taipei Municipal Government have been submitted to Taipei City Council on August 27, 2019. The annual revenue for the FY2020 general budget proposal amounts to NTD163.76 billion, and the annual expenditure for FY2020 amounts to NTD168.39 billion, respectively showing increases of 2.42% and2.10% , compared to those for the FY2019 general budget. The amount of the shortfall of the annual revenue and expenditure (NTD4.63 billion) and the debt repayment (NTD8.45 billion) total NTD13.08 billion which will be financed with the surplus of previous fiscal years.

The FY2020 subordinate agency budget and consolidated tables of the general budget proposal of Taipei Municipal Government have been submitted to Taipei City Council on August 27, 2019. The annual revenue goal for the FY2020 amounts to NTD 214.00 billion while the annual expenditure for the FY2020 amounts to NTD 204.31 billion. Compared to those for the FY2019 subordinate agency budget, the annual revenue and expenditure show an increase of 0.58% and a decrease of 0.40%, respectively. The surplus is NTD9.69 billion and indicates an increase of 26.82% when compared to that for FY2019.
 
The net annual revenue and expenditure for the second FY2019 supplementary budget proposal amount to NTD4.10 billion and NTD3.46 billion in addition, respectively. The amount of the surplus of the net annual revenue and expenditure (NTD0.64 billion) will be transferred as the surplus of previous fiscal years.