The Cabinet approved a NT$550 billion (over US$18.1 billion) budget for the Special Act for Strengthening Economic, Social, and National Security Resilience in Response to International Circumstances on Thursday. The policy includes NT$236 billion (US$7.8 billion) for universal cash payments.
The act focuses on four key areas: supporting industry, stabilizing employment, caring for people's livelihoods, and strengthening resilience. The Economic, Agriculture, Finance, and Labor Ministries have launched programs to help businesses improve their operational resilience and expand into diverse international markets.
In addition, the Cabinet will also be collaborating with the Education, Health, and Interior Ministries to promote measures such as increasing subsidies for disadvantaged individuals, expanding care for elderly people living alone, subsidizing renovations for older homes, and reducing tuition and miscellaneous fees for students. At the same time, these measures aim to enhance higher education talent development, improve the quality of medical services, and strengthen the resilience of emergency medical supplies.
However, with the public focused on the approval of universal cash payments of NT$10,000 (US$330) per person, Premier Cho Jung-tai (卓榮泰) stated that the process will begin within one month after it passes the third reading and is promulgated. The premier emphasized that all ministries and agencies must expedite their review and implementation, adhering to the principles of "simplicity, speed, and priority."