The Finance Minister Su Jain-Rong (蘇建榮) with the ABAC (亞太經濟合作企業諮詢委員會) attended the APEC Virtual Informal Ministerial Meeting hosted by New Zealand Minister of Finance Grant Robertson on June 25.
Delegates led by Su included officials from the Ministry of Finance (MOF, 財政部), the Financial Supervisory Commission (FSC, 金融監督管理委員會), and the National Development Council (NDC,
中華民國國家發展委員會).
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The APEC Virtual Informal Ministerial Meeting was hosted by New Zealand Minister of Finance Grant Robertson on June 25. (Source from the Facebook page of APEC - Asia-Pacific Economic Cooperation)
Su highlighted that facing the impacts resulting from the pandemic, Taiwan has been adopting expansionary fiscal policies, implementing a raft of economic relief and stimulus measures in the wake of the outbreak.
The ratio of outstanding debt with a maturity of one year or more to the nominal GDP in 2021 is projected to be 29.4%, indicating that the fiscal buffers remain sufficient to respond to the pandemic.
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Su called on APEC economies to pay more attention to the financial management of disaster risk and to build fiscal resilience, so as to respond well to any economic shocks brought about by similar pandemics or natural disasters in the future.
For more information please visit the site of MOF.
