Kaohsiung City: Zero Borrowing Maintained for 2025 Budget; Cumulative Debt Reduction of 25 Billion Yuan Over 5 Years
Kaohsiung City achieved zero new borrowing for the 5th consecutive year in its 2025 budget. Under Mayor Chen Chi-mai, the city has actively attracted investments and reduced its debt by 25 billion NTD.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 12:59
- 🔍 Collected: April 24, 2026 at 13:31 (32 min after Published)
- 🤖 AI Analyzed: April 25, 2026 at 01:20 (11h 48m after Collected)
Central News Agency
(Central News Agency reporter Lin Chiao-lien, Kaohsiung, 24th) The preliminary final accounts for Kaohsiung City for 114 (2025) have been released. Finance Bureau Director-General Lee Chiung-hui stated that zero borrowing was achieved once again. Since Mayor Chen Chi-mai took office, the promotion of private participation in public construction, exploration of financial resources, and strict adherence to fiscal discipline led to a debt repayment of 4.85 billion yuan in 114, bringing the cumulative debt reduction to 25 billion yuan.
The Finance Bureau issued a press release today stating that zero borrowing has been maintained for five consecutive years since 110 (2021). In the past, due to a lack of resources, Kaohsiung relied on borrowing to finance municipal construction. When Chen Chi-mai took office, the debt stood at 247.7 billion New Taiwan Dollars, the highest in the country.
Lee Chiung-hui said that after Chen Chi-mai took office, he increased revenue and reduced expenditure, effectively cutting debt. By the end of 114, it had dropped to 224.3 billion yuan. Coupled with the repayment of 1.6 billion yuan to the public servants and teachers housing loan fund, the total debt reduction reached 25 billion yuan. The ratio of borrowing to the debt limit dropped significantly from 78% at the start of his term to 57%. The local government debt classification improved from moderate to light, indicating rigorous debt control and remarkable improvement in performance.
Lee Chiung-hui pointed out that despite zero borrowing in recent years, the city government has continued to promote constructions such as the simultaneous development of 4 MRT lines, social housing, public welfare facilities, and civil sports centers. Facing financial needs, the city government expands revenue and strengthens financial resilience through private participation, public urban renewal, and MRT joint development.
Since Chen Chi-mai took office, the amount of private investment attracted has exceeded 340 billion yuan, reaching 111.6 billion yuan in 114, hitting a new historical high and retaining the title of the national investment attraction champion. Additionally, the comprehensive development of tourism, such as the Dinosaur Cool Park, Ultraman, Winter Playground, and concert economy, has driven tourist crowds, attracting people and capital. This has allowed Kaohsiung's own financial resources to exceed 100 billion yuan for five consecutive years, injecting funds into municipal expenditures.
Lee Chiung-hui stated that the city government's efforts over the past five years to promote urban and industrial transformation and expand financial revenue have gradually improved its financial structure. This year, they will not slacken and will continue to work towards the goals of debt reduction and "zero borrowing" in 115 by strengthening revenue generation and cost-cutting measures. (Editor: Lee Hsi-chang) 1150424
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(Central News Agency reporter Lin Chiao-lien, Kaohsiung, 24th) The preliminary final accounts for Kaohsiung City for 114 (2025) have been released. Finance Bureau Director-General Lee Chiung-hui stated that zero borrowing was achieved once again. Since Mayor Chen Chi-mai took office, the promotion of private participation in public construction, exploration of financial resources, and strict adherence to fiscal discipline led to a debt repayment of 4.85 billion yuan in 114, bringing the cumulative debt reduction to 25 billion yuan.
The Finance Bureau issued a press release today stating that zero borrowing has been maintained for five consecutive years since 110 (2021). In the past, due to a lack of resources, Kaohsiung relied on borrowing to finance municipal construction. When Chen Chi-mai took office, the debt stood at 247.7 billion New Taiwan Dollars, the highest in the country.
Lee Chiung-hui said that after Chen Chi-mai took office, he increased revenue and reduced expenditure, effectively cutting debt. By the end of 114, it had dropped to 224.3 billion yuan. Coupled with the repayment of 1.6 billion yuan to the public servants and teachers housing loan fund, the total debt reduction reached 25 billion yuan. The ratio of borrowing to the debt limit dropped significantly from 78% at the start of his term to 57%. The local government debt classification improved from moderate to light, indicating rigorous debt control and remarkable improvement in performance.
Lee Chiung-hui pointed out that despite zero borrowing in recent years, the city government has continued to promote constructions such as the simultaneous development of 4 MRT lines, social housing, public welfare facilities, and civil sports centers. Facing financial needs, the city government expands revenue and strengthens financial resilience through private participation, public urban renewal, and MRT joint development.
Since Chen Chi-mai took office, the amount of private investment attracted has exceeded 340 billion yuan, reaching 111.6 billion yuan in 114, hitting a new historical high and retaining the title of the national investment attraction champion. Additionally, the comprehensive development of tourism, such as the Dinosaur Cool Park, Ultraman, Winter Playground, and concert economy, has driven tourist crowds, attracting people and capital. This has allowed Kaohsiung's own financial resources to exceed 100 billion yuan for five consecutive years, injecting funds into municipal expenditures.
Lee Chiung-hui stated that the city government's efforts over the past five years to promote urban and industrial transformation and expand financial revenue have gradually improved its financial structure. This year, they will not slacken and will continue to work towards the goals of debt reduction and "zero borrowing" in 115 by strengthening revenue generation and cost-cutting measures. (Editor: Lee Hsi-chang) 1150424
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The text, images, and audio/video of this website shall not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.