Taiwan Taiwan News June 3 According to Taiwan’s “China Times” report, the island’s debt pressure is rising, and the outstanding balance of public debt as a percentage of GDP has rebounded for the first time after seven consecutive years of decline. Coupled with hidden debt, the average per Taiwan The amount of public debt will exceed the one million mark, up to NT$ 1.189 million. According to the report, this also means that the young generations of 20 and 30 will face a terrible salary increase and will also have to bear a high debt burden and become "downstream generations" and "green poor"!
According to the information of the financial affairs department of the Taiwan authorities, the outstanding balance of public debt for more than one year accounts for the proportion of GDP. It has declined for seven consecutive years. The new coronary pneumonia epidemic broke out at the beginning of this year. The proportion of public debt stopped falling and rose to 30.5%. If combined with the debt of each county and city, the proportion exceeds 40%.
The report said that not only the debt on the surface has increased, but the hidden debt under the table is even more worrying. For example, the hidden debt of military and military education and labor insurance has exceeded NT$17.6 trillion. Chen Guoliang, a professor at Taiwan University of Political Science, pointed out that labor insurance's hidden debt has reached NT$9.11 trillion, and it is expected that the fund balance will become negative in 2026, and the Taiwan authorities have not yet done anything actively. Huang Yaohui, a professor at Taipei University of Commerce, pointed out that due to the trend of declining birth rate, the current consumption of grain means that the debts that future generations have to bear are becoming heavier, and the young people’s real wages have not increased in 16 years. It will also climb significantly.
According to Taiwan’s “Economic Daily” report, the labor affairs department of the Taiwan authorities released the third quarter manpower demand survey on the 2nd. It is estimated that the manpower demand at the end of July will only increase by 21,000 compared with the end of April, of which the manpower demand for the accommodation and catering industry is only 931 people, both of which set a new low for the same period in 11 years. Among all walks of life, the manufacturing industry's net demand for manpower increased by the most, 7224 people, followed by wholesale and retail sales of 3020 people, followed by a net increase of 2204 in healthcare and social work services. (China Taiwan Net Li Ning)