Taiwanese Premier Cho Jung-tai urged opposition parties on Jan. 20 to withdraw their proposed budget cuts, citing their detrimental effects on national security and essential governmental functions.
Taiwan’s Cabinet previously approved a budget proposal for fiscal year 2025, which included NT$3.13 trillion ($95.5 billion) in expenditure and a projected revenue of NT$3.15 trillion ($96 billion), which will lead to a surplus of NT$20.9 billion ($637 million), according to local reports.
