November 12, 2024
1 min read

Taiwan proposes highest confidential budget in six years 

This marks a significant increase of TWD 634.669 million, or 53.48 per cent, from the current year’s TWD 1,186,718,000….reports Asian Lite News

Taiwan’s Ministry of Foreign Affairs has proposed its highest confidential budget in six years, amounting to TWD (New Taiwan Dollar) 1,821,387,000 (USD 56.71 million) for the upcoming year, Taipei Times reported. 

This marks a significant increase of TWD 634.669 million, or 53.48 per cent, from the current year’s TWD 1,186,718,000, according to the Legislative Yuan’s Budget Centre. Compared to last year’s confidential spending of TWD 751,157,000, the proposed budget represents a jump of TWD 1,070,230,000, or 142.48 per cent. 

The rise has sparked calls for greater transparency regarding the use of these funds. 

The proposed budget, which will account for 6.01 percent of the Ministry’s total annual budget, will be the largest in six years. Despite fluctuations in the confidential budgets since 2020, next year’s proposed amount stands as the most substantial, reported Taipei Times. 

The Ministry of Foreign Affairs in Taiwan stated that the allocation of these funds will comply with the Enforcement Rules of the Classified National Security Information Protection Act, which outlines the conditions under which government data can be classified to avoid “exceptionally grave damage” or “serious damage.” 

These conditions include scenarios where the government’s diplomatic relations, negotiations, or intelligence capabilities are threatened. 

The Budget Centre, however, has raised concerns over the opacity of the Ministry’s confidential budget. The centre emphasised that, in line with the principle of government information freedom, the Ministry should list its expenditures to enable public scrutiny. 

This, the centre argues, would ensure that government resources are properly regulated, monitored, and that taxpayers’ money is spent responsibly, Taipei Times reported. 

Furthermore, the centre pointed out that although amendments to the Classified National Security Information Protection Act, passed last year, prohibit the indefinite classification of information, the Ministry has yet to declassify many documents. 

Of the 47,978 classified books held by the Ministry that were categorised before 2003, only 2,663 have been reassigned, leaving the majority still undisclosed for over 17 years. (ANI) 

ALSO READ: ‘India’s approach aimed at building long-term partnerships’ 

Previous Story

Taiwanese tycoon challenges China’s sanctions with lawsuit 

Next Story

Ishaq Dar calls on Trump admin to work for peace in West Asia 

Latest from -Top News

India, Germany Deepen Trade Ties

Bilateral trade has grown significantly over the past decade between the two nations, reaching a record high of around $33.4 billion…reports Asian Lite News Amid significant and far-reaching changes on the global

India to Build Oz Homes?

The announcement comes as Australia grapples with a worsening housing crisis….reports Asian Lite News India’s Commerce and Industry Minister Piyush Goyal has revealed that New Delhi is in “deep negotiations” with Canberra

Africa’s Power Play: Xi, Putin or Modi?

Africa’s future hinges on rejecting mercenaries and debt traps while embracing true partners….reports Asian Lite News Africa’s political landscape in 2025 shows starkly different strategies by major powers. India has focused on

HRCP Slams Pak Govt on Rights Abuses

HRCP demanded that all victims of enforced disappearance be promptly recovered and safely presented before the courts of law….reports Asian Lite News Marking the International Day of the Victims of Enforced Disappearances,

14 Dead, Dozens Hurt in Quetta Blast

The blast hit near Shahwani Stadium on Tuesday evening, just after a gathering marking BNP founder Sardar Attaullah Mengal’s fourth death anniversary had ended….reports Asian Lite News At least 14 people were
Go toTop

Don't Miss

Will fight to the very end for Taiwan: China

The Minister’s remarks, which came just weeks after US President

Ramaswamy calls for ‘strategic clarity’ on Taiwan

Amid rising tensions with China over Taiwan, Ramaswamy emphasized the