The Kuomintang's total revenue last year had a book balance of nearly NT$500 million, but in fact, due to the "Party Property Council" freezing its income, it had a debt of NT$270 million. The picture shows the land of Geshiyuan under the name of the Kuomintang. (Photo source: Taiwan's "China Times")
China Taiwan Net reported on May 23 that according to Taiwan's "China Times", all political parties on the island must report to the "Ministry of the Interior" of the Taiwan authorities before the end of May in accordance with the "Political Party Law". Chen reported the 2019 final accounts. The Central Standing Committee of the Kuomintang has passed the 2019 final accounts. Last year, the total revenue was more than 1.14 billion yuan (NT$, the same below), the total expenditure was more than 640 million yuan, and the book balance was nearly 500 million yuan. However, because the revenue included 640 million yuan in dividends from the "Central Investment Corporation" and real estate auctions, this part was frozen by the "Party Assets Association." Therefore, the Kuomintang actually "became beyond its means" last year. After deducting various expenses, the total debt was 270 million yuan.
In addition, during the general election in Taiwan last year, the Kuomintang received only more than 116.61 million yuan in political donations due to financial constraints and poor election prospects. Although the funds to subsidize candidates for the election were pitifully small or even not subsidized, the expenditure on political donations was still It amounted to more than 117.13 million yuan, which was 520,000 yuan less than the donation received, forming a "discount".
The Kuomintang Executive Committee reported its 2019 final accounts at the mid-week regular meeting. Last year’s total revenue was more than 1.14 billion yuan. The largest amount was "China Investment" dividends and real estate auctions totaling 640 million yuan, followed by party dues income of more than 210 million yuan, political parties Subsidies of more than 170 million yuan and political donations of more than 116 million yuan were provided. However, more than 640 million yuan was frozen by the "Party Property Association", and the vast majority of the more than 210 million yuan in party dues revenue was used by county and city party committees. As for total expenditures, office expenses were the highest at more than 290 million yuan, followed by personnel expenses of more than 160 million yuan and political donations of more than 117 million yuan.
Many members of the Standing Committee of the Kuomintang Central Committee, including Gao Sibo, have reminded people to make clear remarks when applying for official documents, so as to avoid being discredited when the Kuomintang is clearly at the end of its rope.
It is reported that the Kuomintang Executive Committee recently received 130 million yuan for the 2020 Taiwan leader election by-election and more than 260 million yuan in political party subsidies. It has paid off last year's debt of 270 million yuan, but it is expected that the financial alarm will be raised again in September. In addition to having the reform committee discuss improving the finances, the Party Central Committee plans to increase the party dues from 200 yuan to 500 yuan and implement the party's share of public duties. It is also taking stock of the consolidation of some township and city party departments, or significantly increasing the self-financed funds starting from September. The rental rate has reached 75%, which has caused uneasiness among the Party headquarters in some towns, towns and cities, and a storm is clearly taking shape.
The Democratic Progressive Party and the Taiwan People's Party only stated that they would declare in accordance with the law before the end of the month, and then the relevant agencies would make it public. (China Taiwan Net Li Ning)
