Premier Cho Jung-tai: FY114 Final Budget Surplus Exceeds NT$100B, Marking 9th Consecutive Year of Surplus
Taiwan's Executive Yuan announced an actual surplus of NT$102.1 billion for the FY114 central government budget, marking the 9th consecutive year of surplus thanks to steady economic growth and prudent fiscal management.
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- 📰 Published: April 23, 2026 at 15:56
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Central News Agency
(CNA Reporters Kao Hua-chien, Lai Yu-chen, Taipei, 23rd) Executive Yuan Premier Cho Jung-tai said today that Taiwan's economy has grown steadily in recent years and the central government's fiscal management has been prudent. In the 114th fiscal year (2025) central government final budget, after deducting debt repayment, the actual surplus is NT$102.1 billion. Since the 106th fiscal year (2017), the final budget has seen a surplus of revenue over expenditure every year, which is a good record.
The Executive Yuan today passed the 114th fiscal year central government final budget and subordinate unit final budgets and summary tables (operating and non-operating parts), the central government's post-pandemic strengthening of economic and social resilience and national sharing of economic fruits special final budget, and the central government's Forward-looking Infrastructure Development Program 5th phase special final budget. These will be submitted to the Control Yuan by the end of April.
Executive Yuan spokesperson Li Hui-chih relayed Premier Cho's remarks at a press conference following the Executive Yuan meeting. Cho stated at the meeting that Taiwan's economy has grown steadily in recent years, and the central government's fiscal management has been prudent. The surplus of revenue over expenditure in the 114th fiscal year central government final budget is NT$243.6 billion, an increase of NT$85.5 billion over the originally budgeted surplus. However, if debt repayment is deducted from this NT$243.6 billion, the actual surplus is NT$102.1 billion.
Cho said that since the 106th fiscal year, the final budget has seen a surplus of revenue over expenditure every year, which is a good record.
Cho also instructed all agencies to strictly adhere to fiscal discipline in the future, strengthen budget execution based on the principle of frugality to maximize resource utilization efficiency, and continue to strengthen the country's fiscal foundation and resilience. This will give the country greater strength to respond to changes, take care of the people, promote construction, and ensure national security, prosperity, and development.
Regarding the 114th fiscal year final budget part, Hsu I-chuan, head of the Accounting and Final Accounts Department of the Directorate-General of Budget, Accounting and Statistics of the Executive Yuan, supplemented that the final revenue for the 114th fiscal year was NT$3.1776 trillion, the final expenditure was NT$2.9340 trillion, and the surplus of revenue minus expenditure was NT$243.6 billion. All agencies have achieved results in increasing revenues and cutting expenditures. After deducting debt repayment of NT$141.5 billion, the balance surplus for the 114th fiscal year is NT$102.1 billion.
Hsu said that in terms of operating funds, the total operating revenue for the 114th fiscal year final budget was NT$3.9231 trillion, and total operating expenditure was NT$3.5435 trillion, resulting in a net profit of NT$379.6 billion, which is NT$231.4 billion higher than the budgeted NT$148.2 billion. This is mainly due to an increase in the Central Bank's foreign currency asset operating volume and yield compared to the budget, which increased net profit by NT$71.9 billion, and an increase in Taiwan Power Company's electricity revenue, which turned its net profit from an originally budgeted net loss of NT$70.4 billion to a profit, a difference of NT$145 billion.
Regarding the post-pandemic resilience strengthening special budget, Hsu said the budget was NT$379.9 billion, and the execution period was from the 112th to 114th fiscal years. The final revenue was NT$100 million, and the final expenditure was NT$369 billion, resulting in a deficit of NT$368.9 billion. However, because there was still an approved accumulated surplus available for use from the 113th fiscal year central government final budget, according to the special act for post-pandemic strengthening of economic and social resilience and national sharing of economic fruits, previous years' budget surpluses were prioritized to fully cover it.
In the Forward-looking 5th phase special final budget part, Hsu stated that the budget was NT$70.1 billion, and the execution period was the 114th fiscal year. The execution result was NT$100 million in revenue and NT$66.6 billion in final expenditure, resulting in a deficit of NT$66.5 billion, which was fully balanced by borrowing debt. (Editor: Lin Hsing-meng) 1150423
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(CNA Reporters Kao Hua-chien, Lai Yu-chen, Taipei, 23rd) Executive Yuan Premier Cho Jung-tai said today that Taiwan's economy has grown steadily in recent years and the central government's fiscal management has been prudent. In the 114th fiscal year (2025) central government final budget, after deducting debt repayment, the actual surplus is NT$102.1 billion. Since the 106th fiscal year (2017), the final budget has seen a surplus of revenue over expenditure every year, which is a good record.
The Executive Yuan today passed the 114th fiscal year central government final budget and subordinate unit final budgets and summary tables (operating and non-operating parts), the central government's post-pandemic strengthening of economic and social resilience and national sharing of economic fruits special final budget, and the central government's Forward-looking Infrastructure Development Program 5th phase special final budget. These will be submitted to the Control Yuan by the end of April.
Executive Yuan spokesperson Li Hui-chih relayed Premier Cho's remarks at a press conference following the Executive Yuan meeting. Cho stated at the meeting that Taiwan's economy has grown steadily in recent years, and the central government's fiscal management has been prudent. The surplus of revenue over expenditure in the 114th fiscal year central government final budget is NT$243.6 billion, an increase of NT$85.5 billion over the originally budgeted surplus. However, if debt repayment is deducted from this NT$243.6 billion, the actual surplus is NT$102.1 billion.
Cho said that since the 106th fiscal year, the final budget has seen a surplus of revenue over expenditure every year, which is a good record.
Cho also instructed all agencies to strictly adhere to fiscal discipline in the future, strengthen budget execution based on the principle of frugality to maximize resource utilization efficiency, and continue to strengthen the country's fiscal foundation and resilience. This will give the country greater strength to respond to changes, take care of the people, promote construction, and ensure national security, prosperity, and development.
Regarding the 114th fiscal year final budget part, Hsu I-chuan, head of the Accounting and Final Accounts Department of the Directorate-General of Budget, Accounting and Statistics of the Executive Yuan, supplemented that the final revenue for the 114th fiscal year was NT$3.1776 trillion, the final expenditure was NT$2.9340 trillion, and the surplus of revenue minus expenditure was NT$243.6 billion. All agencies have achieved results in increasing revenues and cutting expenditures. After deducting debt repayment of NT$141.5 billion, the balance surplus for the 114th fiscal year is NT$102.1 billion.
Hsu said that in terms of operating funds, the total operating revenue for the 114th fiscal year final budget was NT$3.9231 trillion, and total operating expenditure was NT$3.5435 trillion, resulting in a net profit of NT$379.6 billion, which is NT$231.4 billion higher than the budgeted NT$148.2 billion. This is mainly due to an increase in the Central Bank's foreign currency asset operating volume and yield compared to the budget, which increased net profit by NT$71.9 billion, and an increase in Taiwan Power Company's electricity revenue, which turned its net profit from an originally budgeted net loss of NT$70.4 billion to a profit, a difference of NT$145 billion.
Regarding the post-pandemic resilience strengthening special budget, Hsu said the budget was NT$379.9 billion, and the execution period was from the 112th to 114th fiscal years. The final revenue was NT$100 million, and the final expenditure was NT$369 billion, resulting in a deficit of NT$368.9 billion. However, because there was still an approved accumulated surplus available for use from the 113th fiscal year central government final budget, according to the special act for post-pandemic strengthening of economic and social resilience and national sharing of economic fruits, previous years' budget surpluses were prioritized to fully cover it.
In the Forward-looking 5th phase special final budget part, Hsu stated that the budget was NT$70.1 billion, and the execution period was the 114th fiscal year. The execution result was NT$100 million in revenue and NT$66.6 billion in final expenditure, resulting in a deficit of NT$66.5 billion, which was fully balanced by borrowing debt. (Editor: Lin Hsing-meng) 1150423
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