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Central Government's Q1 Budget Achievement Rate Hits Five-Year Low

Central Government's Q1 Budget Achievement Rate Hits Five-Year Low

The Ministry of Finance's National Treasury Bureau has released data showing that the total revenue execution for the central government's budget for the first quarter of the 114th year amounted to NT$4.771 billion, resulting in a budget achievement rate of just 15.1% and an execution rate of 95.5%. Both figures mark the lowest levels for the same period in five years, with a decrease of NT$9.6 billion compared to the same period last year.

The largest single revenue source was NT$11.4 billion from the National Security Fund. Officials noted that the current data do not fully reflect the overall budget situation, stressing the need to observe tax collection in May and June. While Q1's execution status meets expectations, there are substantial uncertainties regarding whether the annual goals can be achieved.

The budget achievement rate of 15.1% for Q1 this year is the lowest since 110 years, with the execution rate at 95.5% also being the lowest in five years, significantly lower than the 116.5% of Q1 last year.

Regarding tax revenue, the accumulated revenue was NT$386.5 billion, with an achievement rate of 13.9% and execution rate of 97.8%, reflecting increases in comprehensive income tax and tariffs. However, non-tax revenue totaled NT$90.6 billion, with a disappointing achievement rate of 23.8%.

Given the impacts of U.S. equivalent tariffs and changes in the international economic landscape, the National Treasury Bureau stated that it will closely monitor revenue collection and adjust strategies as necessary.