Taiwan government posts NT$125 billion deficit for fiscal 2013
Central News Agency
2014-07-29 11:09 PM
Taipei, July 29 (CNA) The central government has posted a budget deficit of over NT$125.3 billion (US$4.18 billion) for fiscal 2013, the National Audit Office announced Tuesday. Total expenditures reached over NT$1.85 trillion, exceeding total government revenues of over NT$1.73 trillion by NT$125.3 billion for the year, according to a report released by the office. The government issued bonds and borrowed funds totalling NT$77 billion to repay the overall national debt, leaving it with total debts in excess of NT$202.3 billion for the year, according to the report. (By Justin Su and Christie Chen)
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