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Kaohsiung City residents bear highest public debt: Survey

Kaohsiung City residents bear highest public debt: Survey

Residents of Kaohsiung City bore a debt burden of NT$95,000 (US$3,000) each, with Taipei City coming in second place with an average of NT$65,000 (US$2,000) per resident, according to a survey published by Global Views Monthly yesterday.
The magazine said it had for the first time collected data from the national treasury including information about the 2008 debt for the country's 25 counties and cities.
Kaohsiung City came out on top with an average of NT$95,190 per resident, the magazine said, or NT$30,000 more than the second on the list, the capital Taipei. Ilan County came out third with an average of NT$43,100 (US$1,300) per resident, according to Global Views.
The only areas without any debt were the outlying counties of Kinmen and Lienchiang, the latter better known as Matsu island. Kinmen runs a successful alcohol brewery which brings in substantial revenue, while the Lienchiang County Government was opposed to loaning money in order to pay for construction projects.
The lowest debt in the rest of Taiwan was registered in Taichung City, with an average of NT$6,990 (US$218) per resident, the magazine said. Changhua came out as second best with an average of NT$11,260 (US$351), followed by Penghu, Chiayi City, Taipei County, Kaohsiung County and Taoyuan County, all with debt per person lower than NT$20,000.


Updated : 2020-11-30 19:59 GMT+08:00