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Taiwan Government Plans to Gift $200 Cash Pay-outs to Its Citizens as New Year Bonus

Taiwan Government Plans to Gift $200 Cash Pay-outs to Its Citizens as New Year Bonus

Premier Su Tseng-chang has just announced that the Taiwanese government will be giving out cash payouts of nearly $200 to every citizen this year.

He also said that the island’s economic growth will be shared by everyone in the country.

Meanwhile, Reuters has reported that the export-reliant economy, which was also a global tech powerhouse for products had grown 6.45 % in 2021, the fastest rate since it had expanded in 2010.

The government also has made plans to plow an extra T$380 billion ($12.4bn) in tax revenue from 2021 back into the economy to help shield the island from global economic shocks.

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Speaking on the boon it intended to hand out to its citizens, Su had said: “We wish to give all citizens a New Year blessing after the beginning of the Lunar New Year,”

 The Taiwanese week-long holiday will begin on January 20, 2023.

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