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The FY2022 General Budget Proposal of Taipei Municipal Government Has Been Submitted to Taipei City Council on August 31, 2021

The FY2022 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 August 31, 2021. The annual revenue for the FY2022 general budget proposal amounts to NTD171.99 billion, and the annual expenditure for FY2022 amounts to NTD174.58 billion, respectively showing increases of 4.47% and 1.05%, compared to those for the FY2021 general budget. The amount of the shortfall for the annual revenue and expenditure (NTD2.59 billion) and the debt repayment (NTD8.63 billion) total NTD11.22 billion which will be financed with the surplus of previous fiscal years.

The FY2022 subordinate agency budget and consolidated tables of the general budget proposal of Taipei Municipal Government have been submitted to Taipei City Council on August 31, 2021. The annual revenue for the FY2022 amounts to NTD327.98 billion while the annual expenditure for the FY2022 amounts to NTD313.42 billion. Compared to those for the FY2021 subordinate agency budget, the annual revenue and expenditure show the increases of 1.51% and 1.17%, respectively. The surplus is NTD14.56 billion and indicates an increase of 9.64% when compared to that for FY2021.

The net annual revenue and expenditure for the second FY2021 supplementary budget proposal amount to NTD6.26 billion and NTD8.32 billion in addition, respectively. The amount of the shortfall for the net annual revenue and expenditure (NTD2.06 billion) will be financed with the surplus of previous fiscal years.