Source: China Jingwei.com
Ma Ying-jeou VS. Tsai Ing-wen’s special budget comparison. Photos Taiwan’s China Times data photo
The Kuomintang accused Tsai Ing-wen of taking office for 2 trillion yuan in debts in five years ( New Taiwan dollars , the same below), and was criticized by Su Zhenchang, the head of the administrative agency of the Taiwan authorities, as fake news, and bite Ma Ying-jeou’s debts increased by 1.7 trillion yuan in 8 years.
Su Zhenchang claimed that by comparing public debt, Tsai Ing-wen's fifth year, the debt of the Taiwan authorities increased by 300 billion, much less than that of Ma Ying-jeou. This also includes the results of preventing and controlling the new crown epidemic, revitalizing difficulties, and reducing taxes and increasing welfare for everyone. According to statistics from Taiwan’s “Main Accounting Office” and the financial department, if the loan amount of special budget for relief is excluded, the net debt has decreased by 45.5 billion yuan in the past five years.
In response, Ma Ying-jeou's office fired back, criticizing the DPP for constantly spending money and promoting forward-looking plans, and borrowing the highest debt in 20 years. "A executive chief who has deceived gods, a Taiwanese authorities who can't even get the records of the 3+11 meeting, does anyone believe the data they are talking about?"
The Ma Office pointed out that according to the latest information, as of July 31 this year, the amount of public debt of the Taiwan authorities and local governments reached 7176 billion yuan. Since the special budget debt is not included in the total budget, the above debt is not included in the special budget for relief. The amount of debt that has not been included in the upper limit of debt this year is as high as 461.2 billion yuan, the highest in the past 20 years; the debt ratio this year accounts for 7.84%, the highest since 2018.
Malaysian Office pointed out that coupled with the additional special budget for the fourth time of relief and revitalization, and the so-called "Special Regulations on the Procurement of the Plan for the Improvement of Naval and Air Combat Forces" budget cap is 240 billion yuan, Tsai Ing-wen's debt is far beyond Ma Ying-jeou's period. Moreover, Ma Ying-jeou often used the special budget when encountering major natural disasters and international turmoil, such as the "Moraq" storm, financial tsunami, etc., but Tsai Ing-wen "normalized" the special budget.
Ma’s Office pointed out that in the three years before Ma Ying-jeou stepped down, tax revenue exceeded 310 billion yuan, and the proportion of public bonds in the "GDP" dropped to 33% in three years. The Taiwan authorities have 1.1 trillion yuan in debt, a total of 1.4 trillion yuan of over-tax donations. It is precisely because Ma Ying-jeou left such a rich tax revenue that the DPP authorities dared to propose a forward-looking plan of 840 billion yuan and carry out light rail construction after they came to power.
