Department of Information and Tourism, Taipei City Government

After taking office, Mayor Chiang has actively promoted various constructions , adopting "Sustainable Inclusion and Capital of Hope" as Taipei City's vision and the goal for building a better Taipei City. He also attaches great importance to fiscal discipline and actively reduces debt. In February, a debt repayment of NT$2.6 billion was implemented , and the cumulative debt reduction reached NT$10 billion after taking office. The actual outstanding debt balance dropped from NT$89.8 billion when Mayor Chiang took office at the end of 2022 to NT$79.8 billion. The debt per capita also dropped from NT$36,200 when Mayor Chiang took office to NT$31,700. The target of the debt per capita in 2024 is to below NT$30,000.

Hu Hsiao-Lan, the commissioner of the Department of Finance, said that the city government has implemented various prone-to-be-sensed policies and also stuck to fiscal discipline. In 2023, the debt reduction of NT$7.4 billion and won the investment title with a performance of NT$27 billion in promoting participation. TCG issued social bonds in January 2024 and took the lead in reducing debt by an additional NT$2.6 billion in February , demonstrating the determination of TCG to work hard on development as well as debt reduction. Commissioner Hu further said that the TCG’s self-financing resources amounted to more than NT$110 billion, which takes the highest ratio among the 6 capital. However, TCG still actively promotes investment promotion for various public construction projects and uses various financial methods to alleviate the pressure of debt interest burden,which makes TCG’s financial affairs more resilient.

Hu Hsiao-Lan, the commissioner of the Department of Finance, said that the city government has implemented various prone-to-be-sensed policies and also stuck to fiscal discipline. In 2023, the debt reduction of NT$7.4 billion and won the investment title with a performance of NT$27 billion in promoting participation. TCG issued social bonds in January 2024 and took the lead in reducing debt by an additional NT$2.6 billion in February , demonstrating the determination of TCG to work hard on development as well as debt reduction. Commissioner Hu further said that the TCG’s self-financing resources amounted to more than NT$110 billion, which takes the highest ratio among the 6 capital. However, TCG still actively promotes investment promotion for various public construction projects and uses various financial methods to alleviate the pressure of debt interest burden,which makes TCG’s financial affairs more resilient.