Taipei-The central government's budget for 2018 cleared the legislative floor on Tuesday, giving approval for a 3 percent salary increase for public sector employees, among other measures.
The pay raise for government employees, public school teachers and military personnel will be retroactive to January and has been tentatively set to be paid on Feb. 6, said Chu Tzer-ming (???), head of the Directorate-General of Budget, Accounting and Statistics.
Also getting 3 percent raises are government-financed assistants to lawmakers following the passage of the national budget, according to the Legislative Yuan.
Under the approved budget, government revenue will total an estimated NT$1.9191 trillion (US$64.9 billion) in 2018, while planned expenditure was set at NT$1.9668 trillion.
That will result in a projected deficit of NT$47.7 billion.
The spending target was set after the Legislature cut NT$24.91 billion, or 1.25 percent of the total, of the amount proposed by the government.
Lawmakers approved the budget bill at around noon Tuesday after voting for two days on more than 300 proposals related to the bill, including the proposal to cut a NT$3.5 billion budget for the Navy to build six minesweeper ships.
The Navy budget was eventually scrapped after the Ministry of National Defense decided in December 2017 to terminate its contract with financially troubled Ching Fu Shipbuilding Co. to build the vessels.
The budget cut was the highest among all budget plans for this year.
Source: Focus Taiwan News Channel