Executive Yuan to Propose NT$5,000 Growth Allowance Plan Next Week, Seeks Legislative Support
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Executive Yuan Secretary-General Chang Tun-han stated on the 21st that the Executive Yuan will present a complete proposal as early as next week for President Lai Ching-te's proposed NT$5,000 monthly 'growth allowance' for individuals aged 0 to 18. With an estimated annual budget of NT$200 billion, the plan requires legislative amendments, and the administration hopes for its swift passage to begin implementation as early as next year. For the 6-18 age group, the plan is to save half of the allowance in a 'future fund' and distribute the other half as cash.