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Taiwan's average public debt rises in December

Taiwan's average public debt rises in December

Taipei, Jan. 7 (CNA) Every Taiwanese citizen now shoulders the equivalent of NT$212,000 (US$7,015) of the national debt, up NT$7,000 from the end of November, according to Ministry of Finance (MOF) statistics released Saturday. According to the MOF statistics, the country had long-term debt totaling NT$4.6 trillion and short-term debt worth NT$279.1 billion as of Dec. 31. The country's debt statistics show three figures: central government debt that will come to maturity in over a year, total short-term debt and per capita debt. Taiwan has a population of around 23 million. Since December 2010, the ministry has released data on the national debt on the seventh day of each month and has set up a "national debt clock" to remind government agencies to more carefully monitor their spending. (By Wu Ching-chun and Hanna Liu)


Updated : 2021-03-09 19:01 GMT+08:00