Saturday, November 29, 2008

How much debt does Taiwanese owe?


Taiwan government is discussing distributing 'voucher' of NT $3,600 for citizens and foreigners residing in Taiwan. While this looks like a 'red envelop' for ordinary citizen, this voucher will add additional burden for national debt. How much debt does Taiwan owe? Taipeitimes reports on November 29 (2008) that Taiwan's national debt is NT $13.8 trillion; each Taiwanese will shoulder NT $600,000.
So, this voucher of NT $3,600 is actually not a good deal for Taiwanese at all. Photo shows protester wore purple shirts protesting government's financial mismanagement.




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