KMT lawmakers urge the government bail out traditional industries
Posted on 2021-02-09 13:06:04
KMT lawmakers are urging the government to allocate a special bailout budget for industries seriously devastated by the coronavirus pandemic.
Zeng Ming-zong says while the local equity market and exportations of electronic products soared, the travel sector, which includes the airlines, and traditional industries like fabric, steel and machine tools have suffered huge losses.
The 2021 general budgetary plan that the Legislative Yuan has just passed and the special funds under legislative review have a combined fund of 2 trillion NT, and Zeng says the government should use a part of that fund for shoring up the bruised sectors.
Chen Yu-zhen is also calling on the government to offer a new round of subsidies for the travel sector, saying that in 2019, over 18 million Taiwanese people went abroad, and nearly 12 million tourists visited Taiwan.
She says all those traveling disappeared last year, meaning the industry lost some 800 billion NT in revenues.
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