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Miaoli receives funds to pay wages

Miaoli receives funds to pay wages

TAIPEI (Taiwan News) – The Miaoli County Government was expected to be able to pay the salaries of its personnel this week after the central government transferred NT$800 million (US$25.6 million) to the troubled region, reports said Wednesday.
The Kuomintang-ruled county has accumulated debts of NT$64.8 billion (US$2 billion), leaving it unable to pay salaries on time several times over the past few months. The problem provoked a war of words between two KMT politicians, incumbent county magistrate Hsu Yao-chang, who has been in office since December, and his predecessor Liu Cheng-hung, who has been blamed by most for the financial mess.
Hsu held a news conference Wednesday to announce that the funding from the central government had arrived and that his administration would be able to pay out wages and pensions for the month of July by Friday.
He also bowed to apologize for the problems. Asked about next month’s wages and pensions, he said that due to the management of income by the financial authorities, the payments would likely be made on time on August 10.
Later this month, he hoped the problem of payments to subcontractors on the county’s public works projects could also be solved due to an agreement with the national treasury and the Bank of Taiwan about a NT$4.2 billion (US$134 million) sum, reports said.
In talks in Taipei Tuesday evening, Premier Mao Chi-kuo had agreed with his proposals to cut overtime subsidies for police officers and fire fighters, money for new parents, as well as have parents pay a limited sum for school lunches which used to be free, Hsu said.
The county magistrate said Miaoli would start implementing the central government’s package of financial supervision measures from next month.
Miaoli County’s debt problem has earned it the nickname of “Taiwan’s Greece,” provoking dire warnings that other counties could follow suit or that even Taiwan as a whole might turn into the Greece of the Asia Pacific.


Updated : 2021-09-26 11:26 GMT+08:00