Taiwan Poised to Roll Out a $12.4 Billion Boost to the Economy
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The Taiwanese government is planning to deploy NT$380 billion ($12.4 billion) of funds to support the local economy and combat inflation amid global uncertainties, the presidential office said on Saturday.
Some of the funds, which come from higher-than-expected tax revenue this year, will be used to meet a shortfall in the labor and health insurance system and to provide subsidies for electricity prices, while about NT$180 billion is likely to be spent on programs to give money back to the people.