2023 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 2023 general budget execution of Taichung is explained as follows:

1. Comparison between annual income and budget: The total budgeted income of 2023 is NT$158.267 billion; after execution, the realized annual income is NT$143.980 billion, the receivable transferred to the next year is NT$11.374 billion, the retained amount is NT $2.050 billion, and the total final income is NT$157.405 billion, which is NT$0.862 billion less than the budget, or a decrease of about 0.54%.
2. Comparison between annual expenditure and budget: The total budgeted expenditure of 2023 is NT$167.767 billion; after execution, the realized annual expenditure is NT$144.468 billion, the payable transferred to the next year is NT$0.888 billion, the retained amount is NT$11.570 billion, and the total final expenditure is NT$156.927 billion, which is NT $10.840 billion less than the budget, or a decrease of about 6.46%.
3. Annual income and expenditure shortage and financing and funding situation: The total budget shortage for 2023 is NT$9.500 billion; together with the debt repayment of NT$103 billion, total NT$112.500 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 surplus of NT$0.478 billion. Together with the actual revenue from loan is NT$103 billion , it was used to repay the debt by NT$103 billion , there is income and expenditure surplus of NT$0.478 billion.