Taipei, Taiwan (AP) - Taiwan legislature approved in 2013 the government budget expected revenue is insufficient, the sluggish economy, cut 2% of the proposed spending.
In the budget approved late on Tuesday, in the total cost will be limited in the NT $1.9 trillion ($65.5 billion), incur NT $17.4 billion deficit.
Chen said the prime minister, the cabinet will implement necessary austerity measures, and minimize the negative impact on the economy.
Lawmakers freezing annual bonus pay NT $290000 economy minister ShiYan cheung said, he can accept it, only the first two quarters of economic growth to 3% of the target.
Taiwan's economy is growing at just 1.1%, last year due to a weak global demand of the island electronic products export.
This year is expected to increase 3%.



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