Ministry touts the success of vouchersBy Angelica Oung / Staff reporterThe government’s Triple Stimulus Vouchers helped boost Taiwan’s retail sector last year amid the COVID-19 pandemic, the Ministry of Economic Affairs said yesterday as it unveiled the final tally for the program. The ministry said that 99.6 percent of the vouchers, or NT$64.28 billion (US$2.25 billion), were redeemed by vendors. Premier Su Tseng-chang holds outsized samples of the government’s Triple Stimulus Vouchers at a news conference in Taipei on June 2 last year. Photo: Liu Hsin-de, Taipei TimesAdministration of the vouchers program, including printing and distribution, cost more than NT$2 billion, it said. “We designed the program to minimize the substitution effect and maximize the multiplication effect,” Chen said.

Source: Taipei Times April 01, 2021 15:56 UTC