Cabinet approves higher cap for COVID stimulus budget

  • 13 May, 2021
  • John Van Trieste
Cabinet approves higher cap for COVID stimulus budget
Premier Su Tseng-chang says that Taiwan’s COVID-19 stimulus has achieved more than that of other countries with the less expenditure.

The Cabinet has approved raising the cap for the budget used to help stimulate Taiwan’s economy through the COVID-19 pandemic. The Cabinet has also extended the validity of rules governing the stimulus program to June 30, 2022, a year beyond the rules’ original expiry date.

The new budget cap has been set at NT$630 billion (US$22.5 billion). 

On Thursday, Premier Su Tseng-chang compared Taiwan’s COVID stimulus program to those of other countries, saying that Taiwan is one of the countries that achieved the most with the least amount of expenditure.

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