Source: Taiwan Economic Daily

Economic Daily Theory

The Taiwan government has a taxation of 450 billion (NT $ 19.687 billion in NT $ 19.687 billion) this year, more than 403.4 billion over levies last year.Solid the Labor and Health Insurance Fund and Taipower losses, and 100 billion yuan was used to strengthen the "tough economic solution". In the end, the remaining 180 billion yuan. Executive president Su Zhenchang decided to issue 6,000 yuan per person.The so -called money and good work, the government now has such a large amount of funds available, of course everyone is very happy; however, you must know that all the money of the government is brought from the people, and each penny should be used on the knife mouth.Do the most effective use so that it will not live up to the people's expectations for the government.

The Taiwanese government will budget every year, including expenditure and income.The part of the expenditure includes the salary of military education, national defense, economic construction and social welfare expenditure; in order to pay for these expenditures, the source of income must be included at the same time, mainly including taxation, expense income and the surplus of state -owned undertakings.If the expected income is insufficient, the public debt can be issued; if there is a surplus, it can be retained until the next year.Last year, a large number of super signs appeared because the income at the beginning of the year was more conservative, or the economic situation was misappropriated.

Generally speaking, due to the great changes in the economic situation and the estimated tax estimates, the budget arrangement and final accounts will have errors, which is normal.However, if there are so many exchanges last year, almost 20%of the government's original budget, this error will look too large.This shows that the government cannot correctly estimate the actual economic situation. Otherwise, the government is too conservative to estimate the income. Whether it is that, it means that the government departments cannot be able to fully grasp the economic situation of Taiwan. This is definitely the negligence of the relevant departments.

In fact, during the six years of the DPP government's governance, the tax revenue exceeded nearly 100 billion yuan in almost every year, only in 2020;127.8 billion in 2016 increased to 403.4 billion the previous year, and then 450 billion last year.The direct impact of the government's consecutive years is that a serious financial drag problem has occurred, because government expenditures are usually an important effective demand in the overall economy. When government income is far greater than government expenditure, it means that the whole society is in the whole society.Insufficient demand is insufficient, so it will drag the speed of economic growth.

On the other hand, while the government has been consecutive years, we have also seen that the liabilities of the entire Taiwan are also increasing, from 5.3 mega in 2015 to 5.7 trillion in 2022.This is a very strange phenomenon. Why does the government's tax exchanges continue to increase liabilities?The main reason is that the government has a lot of "special budgets", and the special budget does not calculate the government's recurring budget, which makes the regular budget less. When the tax income increaseCondition.In other words, if some special budgets are made into regular budgets, it will be much less taxed.A few years ago, the government set up a special budget of 80 billion yuan for eight years; in the past two years, in order to respond to the epidemic, it has more than 840 billion special budgets of more than 840 billion.These special budgets are usually paid by issuing bonds, which leads to an increase in overall liabilities in Taiwan.

Why do the government make a special budget?Generally speaking, the special budget should be used to pay for some special circumstances. For example, the outbreak of the epidemic is that the government needs huge costs to buy the vaccine. The public has no objection to this special expenditure.However, among the 800 billion budgets, more than half of the budget is related to the construction of the rail. These constructions usually take a longer time. Why ca n’t we be included in regular budgets to approve it?If these special budgets were placed in regular expenditures each year, so many excessive taxes will not occur every year.

In short, the government has a good fiscal surplus, but if it exceeds too much, it means that the government's estimation of fiscal revenue and expenditure is inaccurate. This is the disability in governance.And if you use a special budget to escape supervision, it is even more promising to represent the mentality of government departments.Although the government now has a large number of surplus to issue cash to please the public, these money was originally paid by the people, and it was taken for granted that the government issued part of it.Instead, we need to require the government more severely. In the future, we should accurately arrange the budget every year and strictly implement it. We should not have serious exchanges or a large amount of liabilities. This is a responsible government.Essence