President Lai: NT$5,000 Monthly Allowance for Ages 0-18, Annual Budget of NT$200 Billion
NQ Score
3/100
N1 Content Completeness
4
AI Summary (NQ-processed)
On May 20th, Taiwan's President Lai Ching-te delivered a speech at the Presidential Office marking his second anniversary in office, announcing a "New Strategy for Taiwan's Population" to address the declining birthrate, a national security issue. The core measure of its "Family Support Chapter" is to provide a monthly growth allowance of NT$5,000 to every citizen aged 0 to 18. The policy's estimated annual budget is around NT$200 billion, with President Lai emphasizing that Taiwan can afford it without crowding out other budgets. Part of the allowance will be designed as a "Child Future Account" for use in education or entrepreneurship when a child turns 18. This is part of a package of 18 measures, including creating friendly workplaces and providing housing, aimed at encouraging young people to marry and have children.