The Taiwan Democratic Progressive Party (DPP) authorities have been criticized for "leaving their great grandchildren in debt" and playing with the "financial burden code"

If the debt of each county and city is added, this number will exceed 6.6 trillion yuan.

Local media commented that since taking office, the Democratic Progressive Party (DPP) authorities have ignored fiscal discipline and relied on reckless spending to gain political benefits, causing Taiwan's "debt snowball" to continue to grow. Nowadays, the debt platform is getting higher and higher, and not only are descendants unable to repay it, but even the great grandchildren may find it difficult to pay it off.

Yin eats Mao's grain

The DPP authorities owe a lot and quickly because they have played with the "financial burden code" - the special budget.

The so-called special budget was originally a budget that could only be allocated and used in response to major natural disasters and other special emergencies outside the scope of the general annual budget. It was a "life-saving money" reserved for the people in emergency situations. But the Democratic Progressive Party (DPP) authorities have used their administrative power to eat every penny and eat every penny, openly normalizing special budgets for military purchases, infrastructure and other budget projects, making the "debt ceiling regulations" useless.

Among many names, only the special budget for epidemic prevention barely made a name for itself, but less than 20% of the 840 billion yuan budget is truly used for epidemic prevention, purchasing vaccines, and related medical services. Even more outrageous is that after the end of the epidemic, the Democratic Progressive Party authorities even compiled a special post epidemic regulation worth 380 billion yuan under the guise of a pretext, eating dry and wiping clean all the way.

If there is not enough food to eat, we must also seize the surplus food. According to relevant financial regulations on the island, if taxes are exceeded, the corresponding portion should be fully paid and returned to the people to ensure financial health and stability. The DPP authorities, on the other hand, simply "amend the law" and allow themselves to "overspend" the excess tax revenue. As for how much can be left and whether to turn it in or not, it all depends on the DPP's "conscience".

According to statistics, the Democratic Progressive Party (DPP) authorities have exceeded tax revenues by approximately 1.3 trillion yuan in the past six years, with most of this money being overspending, leading to a worsening debt situation. The Taiwan Economic Daily commented that the Democratic Progressive Party (DPP) authorities were originally expected to reduce their debt burden, but continued to choose to build high debt Taiwan despite exceeding tax expectations, which must be strongly condemned.

Concealing one's ears and stealing a bell

Faced with criticism and questioning from various sectors on the island, the Democratic Progressive Party (DPP) authorities not only failed to reflect seriously, but also claimed to have "borrowed less, repaid more, and followed fiscal discipline the most", and presented various incomprehensible so-called "professional explanations", which are simply not acknowledging the debt generated by the special budget. For such rhetoric, the island's media bluntly stated, "The Democratic Progressive Party has done a good job of falsifying accounts," and "This is already suspected of public fraud.".

According to Taiwan's China Times, the total budget for 2024 recently passed by the Taiwan administrative department can be described as "explosive". Not only has the annual revenue and expenditure reached historic highs, but multiple sub budget amounts are also the highest in history. The annual revenue growth is 2.2% higher than the annual revenue growth, which is rare.

The report points out that the Democratic Progressive Party (DPP) authorities are spending so much money, coupled with multiple special budgets implemented across years, that their successors will be forced to bear over 1 trillion yuan in necessary expenses. This will significantly compress the space for fiscal adjustment, affecting normal governance and people's well-being.

The "wealth freedom" achieved by the DPP authorities is essentially "obtained from the people". A Kuomintang legislator stated that under the leadership of the Democratic Progressive Party, the per capita debt burden of the island's new population has skyrocketed from 231000 yuan in 2016 to 272000 yuan in 2023. As the trend of fewer children on the island continues to intensify, it is likely that this is no longer a matter of borrowing money from future generations, but rather borrowing money from great grandchildren.

have no conscience

The "Digital Department" established by the Democratic Progressive Party authorities last year, although ineffective in preventing telecommunications fraud, is a skilled tourist.A mere "digital department" with a high budget of over 20 billion yuan is a testament to its success.

Looking at the Democratic Progressive Party's favorite special budget again, as it is set for emergency situations and does not require detailed information, even if it is cleverly named or misappropriated for other purposes, it cannot be traced. Therefore, when compiling the budget, it can be "lion's mouth". Taking the allocation of funds for the "Forward looking Plan" as an example, Kaohsiung City, which is governed by the green camp, only receives 1/4 of the total county and city allocation funds. There are numerous exorbitant projects and unfinished projects, and there are numerous corrupt cases. How is it different from collective corruption when all the fertilizer and water flow into the green fields?

Fattening oneself is not enough, and the Democratic Progressive Party has allocated a special budget of nearly 500 billion yuan specifically to pay tribute to American arms dealers, using public funds to pay protection fees and pay for their fantasies of relying on the United States for independence. It can be seen that the Democratic Progressive Party has stolen over 2 trillion yuan of hard-earned money from its descendants, which has long become its "party property" for political gain.

As the election approaches, Democratic Progressive Party candidate Lai Ching te is also manipulating the "financial burden code", making reckless promises of subsidies and scattering money everywhere to "buy votes". He also started anew and proposed to invest 900 billion yuan to promote the "net zero transformation", laying the foundation for a larger new "money pit".

Some people on the island sarcastically said that the Democratic Progressive Party "dares to owe money and knows how to spend money", and eating delicious food and spicy food is "difficult to spread".