'The fruit of economic achievements will be shared by all citizens, from young to old,' says Premier Su Tseng-chang.
TAIPEI, Taiwan – Taiwan plans to give cash payouts of nearly $200 to every citizen this year, Premier Su Tseng-chang announced on Wednesday, saying the island’s economic growth will be shared by everyone.
While economic growth is expected to slow in 2022 and 2023, the government has made plans to plough an extra T$380 billion in tax revenue from last year back into the economy to help protect the island from global economic shocks, including subsidies for electricity prices and labour and healthSu said a total of T$140 billion, part of the tax revenue, would be spent as cash payouts and each citizen would get T$6,000 .
“We wish to give all citizens a New Year blessing after the beginning of the Lunar New Year,” Su told reporters, referring to the week-long holiday that starts on Jan. 20.He did not give details of how the government would deliver the payouts.
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