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Home Activity Slideshow 2021-10-17 Walking Along with 3Q "100 Hours, The Last Mile of Democracy" Day 5

2021-10-17 Walking Along with 3Q "100 Hours, The Last Mile of Democracy" Day 5

Wednesday, 15 February 2023 15:36 Taiwan Tati Cultural & Educational Foundation

Walking Along with 3Q "100 Hours, The Last Mile of Democracy" Day 5




2021-10-17 Walking Along with 3Q 100 Hours, The Last Mile of Democracy Day 5


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Last Updated ( Wednesday, 15 February 2023 15:36 )  

Newsflash

Taipei City and the four special municipalities that came into being on Saturday could turn into a disaster for the central and local governments if underlying financial problems are not properly addressed, experts told a forum on the financial aspects of the five megacities yesterday.

Peng Pai-hsien (彭百顯), a professor of finance at Kainan University, told a panel organized by the Taiwan Brain Trust think tank in Taipei that the five special municipalities face an immediate shortfall of NT$718.5 billion (US$24.27 billion) — which would climb to NT$803.4 billion if potential debt were counted — while the central government was faring no better, with a potential debt of NT$21 trillion.