Executive Yuan raises relief fund to NT$630 billionBy Jonathan Chin / Staff writer, with CNAThe Executive Yuan yesterday approved a draft bill to expand a COVID-19 stimulus package, increasing its spending limit from NT$420 billion to NT$630 billion (US$15 billion to US$22.5 billion) and extending it to June 30 next year. Premier Su Tseng-chang (蘇貞昌) approved the bill at a Cabinet meeting, Executive Yuan spokesman Lo Ping-cheng (羅秉成) told a news conference. The program duration should be extended by 12 months and the spending limit be increased by NT$210 billion, Lo cited Su as saying. The legislature might, if necessary, hold the reading in an extraordinary session, Lo Chih-cheng added. Taiwan People’s Party deputy caucus convener Ann Kao (高虹安) said that the Executive Yuan should report on effects of the program before proposing an increased budget.

Source: Taipei Times May 13, 2021 15:56 UTC