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`I-Taiwan projects' receive NT$170 billion for 2009: premier

`I-Taiwan projects' receive NT$170 billion for 2009: premier

The Cabinet has earmarked NT$170.3 billion (US$5.43 billion) for the "i-Taiwan 12 major infrastructure projects, " a major election promise of President Ma Ying-jeou, Premier Liu Chao-shiuan said Thursday.
Ma's election platform proposed putting NT$3.99 trillion into the ambitious "i-Taiwan 12 projects" over the next eight years to boost the economy.
The 12 infrastructure projects include linking rapid transit networks in cities and counties across the country, enhancing flood control measures, forestation, revitalizing farmland and marine areas, and turning Taoyuan into an "airport city."
Of the budget to be dpent on the projects, Liu said, the transit networks will take the lion's share at NT$65.3 billion, followed by the flood control project at NT$37.9 billion.
In addition, Liu went on, next year's government income under the total budget plan will be NT$1.7 trillion, an increase of NT$84.9 billion from this year's figure, while annual expenditure will be NT$1.83 trillion, up NT$118.3 billion compared with this year's level.
The increased expenditure will be used on projects relating to education, technology, culture, taking care of the disadvantaged, economic development and subsidies to local governments, Liu said.
According to Shih Su-mei, head of the Directorate General of Budget, Accounting and Statistics, projects related to economic development will receive the highest budget at NT$50.9 billion of the added expenditure, followed by the budget for social welfare at NT$29.2 billion.


Updated : 2021-05-08 13:41 GMT+08:00