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Voucher plan will help stimulate economy: poll

TAIPEI, Taiwan -- Over 89 percent of the office workers who responded to a recent survey believe the government’s shopping voucher plan designed to boost consumer spending will be helpful in propping up the economy in the current time of recession, according to the results of the poll released Saturday.

A total of 89.66 percent of the 503 respondents said they consider the voucher plan an effective means of stimulating Taiwan’s economy, according to the poll conducted by the 1111 job bank. Of those in favor of the plan, some 5.4 percent view the plan as “very helpful” to the country’s economic situation, while 14.51 percent consider it “helpful.”

Some 36.4 percent contended that the measure will only have a limited effect, while 33.4 percent said it will be of little help, the survey found. Around 10.3 percent said the voucher plan will not be successful, according to the survey results.

Asked whether or not they believe the plan will encourage the public to spend more, 57.9 percent replied that they will use the vouchers to buy daily necessities, ahead of 36.6 percent who said they plan to purchase extra items with the vouchers. Around 5.6 percent revealed that they will try to exchange them for cash.

Under the Executive Yuan’s shopping voucher plan, every Taiwanese citizen, regardless of age or income level, is entitled to receive vouchers worth NT$3,600 (US$107) that can be reimbursed for goods and services.

Each citizen will receive a package of six vouchers with a face value of NT$500 and three with a face value of NT$200, with distribution slated to take place Jan. 17 or Jan. 18 next year. The program will cost some NT$82.9 billion, which will be paid for out of a special budget, according to Premier Liu Chao-shiuan.

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