S&P Maintains Taiwan's Credit Rating at AA+; Ministry of Finance: Continue Prudent Planning to Ensure Fiscal Stability
Standard & Poor's (S&P) announced that it has maintained Taiwan's long-term sovereign credit rating at AA+ with a stable outlook. The Ministry of Finance stated that it will continue to prudently plan various fiscal measures to promote national economic and industrial stable development, while implementing debt control to ensure national fiscal stability.
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- 📰 Published: April 29, 2026 at 20:24
- 🔍 Collected: April 29, 2026 at 20:31 (7 min after Published)
- 🤖 AI Analyzed: April 29, 2026 at 23:22 (2h 50m after Collected)
Central News Agency
(Central News Agency reporter Su Ssu-yun, Taipei, 29th) The Ministry of Finance pointed out today that Standard & Poor's (S&P) latest report maintains Taiwan's long-term sovereign credit rating at AA+ with a stable outlook. The Ministry of Finance will continue to prudently plan various fiscal measures to promote national economic and industrial stable development, while implementing debt control to ensure national fiscal stability.
The Ministry of Finance explained in a press release this evening that S&P confirmed maintaining Taiwan's sovereign credit rating at AA+ with a "stable" outlook since its upgrade in 2022, affirming Taiwan's sound fiscal management and strong fiscal performance.
S&P stated that despite continuous increases in Taiwan's government expenditure due to an aging population, defense needs, increased infrastructure, and responses to global trade conflicts, thanks to record-high profits in the technology industry, tax revenue growth exceeded expectations. The ratio of fiscal surplus of all levels of government to GDP is 0.7% in 2025, and the budgeted ratio of fiscal deficit of all levels of government to GDP is 0.9% in 2026. S&P believes that the growth of government debt at all levels in Taiwan is relatively moderate, estimated to be 22.4% of GDP by the end of 2026; it will generally remain stable in the next three years, supporting the government's strong fiscal performance.
S&P pointed out that although the global economic growth outlook is slowing in 2026, fields such as artificial intelligence, high-performance computing, 5G, big data analysis, and electric vehicles are still booming. Demand for Taiwan's technology products will remain high, and Taiwan's long-term export and economic growth prospects are expected to remain good. In addition, Taiwan's leading position in advanced chip manufacturing, sound fiscal conditions, and strong net foreign asset position provide sufficient buffer capacity, which will help reduce the impact of US tariff policy uncertainties on economic growth.
The Ministry of Finance stated that in the face of rapid changes in the international economic situation and geopolitical risks, it will continue to prudently plan various fiscal measures to promote national economic and industrial stable development, while implementing debt control, ensuring national fiscal stability, building solid fiscal resilience, laying a solid foundation for the nation's sustainable development, and jointly creating an innovative and prosperous Taiwan. (Editor: Yang Lan-hsuan) 1150429
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(Central News Agency reporter Su Ssu-yun, Taipei, 29th) The Ministry of Finance pointed out today that Standard & Poor's (S&P) latest report maintains Taiwan's long-term sovereign credit rating at AA+ with a stable outlook. The Ministry of Finance will continue to prudently plan various fiscal measures to promote national economic and industrial stable development, while implementing debt control to ensure national fiscal stability.
The Ministry of Finance explained in a press release this evening that S&P confirmed maintaining Taiwan's sovereign credit rating at AA+ with a "stable" outlook since its upgrade in 2022, affirming Taiwan's sound fiscal management and strong fiscal performance.
S&P stated that despite continuous increases in Taiwan's government expenditure due to an aging population, defense needs, increased infrastructure, and responses to global trade conflicts, thanks to record-high profits in the technology industry, tax revenue growth exceeded expectations. The ratio of fiscal surplus of all levels of government to GDP is 0.7% in 2025, and the budgeted ratio of fiscal deficit of all levels of government to GDP is 0.9% in 2026. S&P believes that the growth of government debt at all levels in Taiwan is relatively moderate, estimated to be 22.4% of GDP by the end of 2026; it will generally remain stable in the next three years, supporting the government's strong fiscal performance.
S&P pointed out that although the global economic growth outlook is slowing in 2026, fields such as artificial intelligence, high-performance computing, 5G, big data analysis, and electric vehicles are still booming. Demand for Taiwan's technology products will remain high, and Taiwan's long-term export and economic growth prospects are expected to remain good. In addition, Taiwan's leading position in advanced chip manufacturing, sound fiscal conditions, and strong net foreign asset position provide sufficient buffer capacity, which will help reduce the impact of US tariff policy uncertainties on economic growth.
The Ministry of Finance stated that in the face of rapid changes in the international economic situation and geopolitical risks, it will continue to prudently plan various fiscal measures to promote national economic and industrial stable development, while implementing debt control, ensuring national fiscal stability, building solid fiscal resilience, laying a solid foundation for the nation's sustainable development, and jointly creating an innovative and prosperous Taiwan. (Editor: Yang Lan-hsuan) 1150429
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to get the latest news instantly.
The text, images, and audio-visual content of this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.