In response to Middle East conflict to stabilize prices, Executive Yuan initially estimates NT$130 billion pending finalization

Taipei, April 16 (CNA) The Middle East conflict has a widespread impact on people's livelihoods and prices. The Directorate-General of Budget, Accounting and Statistics (DGBAS) of the Executive Yuan recently estimated a funding gap of approximately NT$129.2 billion. The Executive Yuan stated today that this is a preliminary estimate and not the final result, and will make an announcement if a decision is finalized. The DGBAS added that both additional budgets and special budgets through special acts are being evaluated as funding sources.

DGBAS Director-General Chen Shu-tzu previously stated in the Legislative Yuan that after inventorying the Ministry of Economic Affairs, Ministry of Transportation and Communications, Ministry of Agriculture, CPC Corporation, Taiwan Power Company, and other entities, the funding gap reached NT$129.2 billion. Both additional budgets and special budgets compiled through special acts are among the options.

Executive Yuan spokesperson Li Hui-chih pointed out at a press conference this morning after the cabinet meeting that the DGBAS did have a preliminary estimate for the budget needs of relevant ministries and agencies in response to price fluctuations caused by the Middle East situation, but this is not the final result, and an announcement will be made if a decision is finalized.

DGBAS Director of Public Budget Department Hsu Yung-yi supplemented at the press conference that the previously surveyed demand from various ministries was approximately NT$130 billion. This figure is the demand proposed by the ministries, but the details regarding the period and unit price have not yet been precisely calculated.

Regarding funding sources, Hsu Yung-yi stated that both additional budgets and special budgets are possible approaches, and a decision will be made after evaluating the overall fiscal situation.

In addition, some opposition legislators suggested providing universal cash subsidies for oil prices. Li Hui-chih said that the international situation has not yet eased, and the government will continue to implement and refine various price stabilization measures. It will also understand the industries and sectors that have already incurred losses or suffered substantial damage, and subsequently consider individual subsidies or assistance through overall special budgets. (Editor: Wan Shu-chang) 1150416