Taichung City Annual General Budget Aggregation Report, 2021

 1.General Budget Aggregation Summary

 In order to achieve the vision of the government policy ‘’Prosperous Taichung City with Better New Living’’, several tailor-made policies have been adopted based upon the 12 major strategic development fields for Taichung, the city that is young and promising. During the period of 2021 general public budget aggregation, by closely examining all major policies implementation projects of every department, and with the best allocation of limited resources into prioritized projects budgeting preparation, the list of policies included in the budget has been finalized as below:

The project of electricity system enhancement and air-conditioner installation for the public schools under senior high, the fee of new constructions and interior decorations for kindergartens, the renovation of aged buildings of public junior high schools and elementary schools, the project of enhancing the anti-earthquake capability for the buildings of public schools under senior high, the ten-year long-term care plan 2.0, the public service of child caring for the aged under three, and the parenting allowance for the aged 0-2, listing the subsidy to national annuity insurance of medium-to-low income households, the Senior Citizen Love Card for public transportation and multiple subsidy, and the subsidy scheme to the accommodation service institutes users.

The above-mentioned policies are to upgrade the benefit of entire resources utilization, perfectly implement both policies and budget, and smoothly promote each of the important policies and projects, therefore, to lay the important milestone of the city transformation.

 According to the targets of the city government’s policies, this 2021 annual general budget report has been aggregated completely, which has complied with the principles of government policies and financial stability.

 In the 2021 annual general public budget plan, the planned revenue is NTD132.917 billion versus NTD129.340 billion in 2020, NTD3.577 billion was increased with increased rate 2.77 %. The planned expenditure is NTD142.803 billion versus NTD141.41 billion in 2020, NTD1.393 billion was increased with increased rate 0.99 %. The above discrepancy between revenue and expenditure is NTD9.886 billion in shortage. In conjunction with debt repayments NTD98 billion, the total is NTD107.886 billion requires monetary dispatched financing. The whole amount of deficit should be balanced by “financing income-borrowing income” instrument.

2.The conclusion of 2021 annual general public budget plan after council review

The 2021 annual general public budget plan has been official approved by the city council on the date of December 14^th, 2020. The conclusion of the review approved annual revenue NTD132.317 billion, and annual expenditure NTD142.203 billion. The discrepancy between revenue and expenditure is NTD9.886 billion in shortage. In conjunction with debt repayments NTD98 billion, the total is NTD107.886 billion requires monetary dispatched financing. It has approved that the whole amount of deficit should be balanced by “financing income-borrowing income” instrument.