CORONAVIRUS/Cabinet presents additional NT$210 billion budget for COVID-19 relief
Taipei, July 23 (CNA) The Cabinet on Thursday finalized a plan to allocate an additional NT$210 billion (US$7.13 billion) budget to the government's COVID-19 relief fund.
The move came after Premier Su Tseng-chang (蘇貞昌) in early July made a decision to expand the relief fund, with the global pandemic showing no sign of abating.
Pending legislative approval, NT$137.55 billion will go towards helping local businesses, such as providing subsidies and financial loan guarantees, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).
Of the NT$210 billion budget, NT$37.36 billion will be disbursed by the Ministry of Health and Welfare to fund the procurement of disease prevention supplies and the purchase, research and development of vaccines.
Another NT$19.11 billion will be allocated to the Council of Agriculture to provide loans for fishery and agriculture businesses hit hard by the COVID-19 crisis, the DGBAS said.
Meanwhile, a total of NT$9.78 billion will be disbursed by the Ministry of Transportation and Communications (MOTC) in the form of subsidies to businesses in the aviation and real estate, as well as to tour guides in the hotel and travel industries.
In the breakdown, the Ministry of the Interior will be responsible for the disbursement of NT$640 million, the Ministry of Education for NT$640 million, the Ministry of Labor NT$4.71 billion, and the National Communications Commission NT$210 million, according to the DGBAS.
The Special Act for Prevention, Relief and Revitalization Measures for Severe Pneumonia with Novel Pathogens amended in April allowed the government to earmark a special budget of up to NT$210 billion to cover related measures, with the option of doubling that if necessary.
On Thursday, Legislative Yuan Speaker You Si-kun (游錫堃) said the additional budget, dubbed "COVID-19 relief fund 3.0," is expected to be reviewed by the legislature sometime in mid-August.
- One new imported COVID-19 case brings total in Taiwan to 507Taiwan recorded one new imported case of COVID-19 infection on Sunday, bringing its total number to 507 since the first one was recorded on Jan. 21, according to the Central ...09/20/2020 03:28 PM
- Contacts of 6 COVID-19 patients who traveled from Taiwan test negativeThe Central Epidemic Command Center (CECC) said Saturday that it has found no COVID-19 infections in Taiwan among the 122 contacts of six Filipinos who tested positive for the ...09/19/2020 07:55 PM
- Taiwan confirms 3 new imported cases of COVID-19Three people who entered Taiwan recently have been diagnosed with the COVID-19 coronavirus, the Central Epidemic Command Center (CECC) said Saturday.09/19/2020 06:00 PM
President Tsai: no plans to talk directly to Japan's new leader09/20/2020 10:15 PM
Taiwan, U.S. to start talks soon on economic issues: Minister Wang09/20/2020 09:29 PM
Taipei launches program to provide stray cat shelters09/20/2020 08:48 PM
Masskara parade brings smiles to Taipei09/20/2020 08:38 PM
Taiwanese Americans promote self-identity during U.S. census09/20/2020 08:23 PM