2019 General Financial Statement of Taichung

The general financial statement is the final report of the general budget execution result. In accordance with the provisions of the Accounting Act, the Financial Statement Act, the Local Government Act and the Directions for Preparing General Financial Statement, the Department has compiled the general financial statement of Taichung with a summary explanation based on the agency financial statement, the management financial statement , the financial statement of financing and funding and the annual final report of the cashier of the municipal treasury . In order to achieve the purpose of making the financial status public and gaining trust from the public, being responsible to the people, and satisfying the people's right to know, seven main statements on the annual income, expenditure and financing and funding budget implementation results are made public for reference.

The 2019 general budget execution of Taichung is explained as follows:

1. Comparison between annual income and budget: The total budgeted income of 2019 is NT$116.208 billion; after execution, the realized annual income is NT$117.906 billion, the receivable transferred to the next year is NT$1.167 billion, the retained amount is NT $1.314 billion, and the total final income is NT$120.387 billion, which is NT$4.179 billion more than the budget, or an increase of about 3.60%.
2. Comparison between annual expenditure and budget: The total budgeted expenditure of 2019 is NT$132.667 billion; after execution, the realized annual expenditure is NT $115.357 billion, the payable transferred to the next year is NT$2.724 billion, the retained amount is NT$7.263 billion, and the total final expenditure is NT$125.344 billion, which is NT $7.322 billion less than the budget, or a decrease of about 5.52%.
3. Annual income and expenditure shortage and financing and funding situation: The total budget for 2019 is NT$16.459 billion; together with the debt repayment of NT$88 billion, total NT$104.459 billion of financing and funding will be required, all of which will be covered by debt borrowing. In the execution result, there is an annual income and expenditure shortage of NT$4.957 billion; together with the debt repayment of NT$88 billion, there is still NT$92.957 billion required for financing and funding, all of which will be covered by debt borrowing.