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TCG repay 9 Billion, the outstanding debt of Taipei down to NT$107.8 Billion

Department of Finance (DoF), Taipei City Government (TCG) states that, TCG implemented NT$9 billion repayment of city construction bond issued in 2007 on May 8th, 2017. DoF indicates, TCG implemented NT$30 billion debt repayments with revenues and surplus in 2015 and 2016. Including repayment this time, TCG has repaid NT$39 billion in 2 and half years, thus the outstanding debt decreased massively from NT$146.8 billion while Mayor Ko took office in 2014 to NT$107.8 billion, meanwhile the debt per capita was reduced from NT$54,000 to NT$40,000.
DoF affirmed that TCG will keep executing diversified financial strategies for broadening sources of revenue and reducing expenditure to consolidate government’s debt structure.