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The FY2016 General Budget Proposal of Taipei Municipal Government Has Been Approved by Taipei City Council on January 12, 2016

The FY2016 general budget proposal of Taipei Municipal Government has been approved by Taipei City Council on January 12, 2016. The approved annual revenue for the FY2016 amount to NTD 160.74 billion, showing 0.06% decrease of those for the budget proposal, while the approved annual expenditure for the FY 2016 amount to NTD 160.31 billion, 0.93% decrease of those for the budget proposal. Compare to those for the FY2015 general budget, the annual revenue and expenditure decrease 1.67% and 1.05% respectively. The amount of the surplus of the annual revenue and expenditure (NTD 0.43 billion) and the debt repayment (NTD 6.6 billion) will be financed with NTD 6.17 billion for the surplus of previous fiscal years.