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January, 22, 2017

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National per capita debt hits record high in Feb.

TAIPEI--The average national debt shouldered by each citizen in Taiwan rose to NT$237,000 (US$7,736) in February, the highest level since the government began to provide monthly updates on the debt situation in December 2010.

As of the end of February, the central government's long-term debt had reached NT$5.2973 trillion, up NT$105 billion from the previous month, while short-term debt had dropped NT$20 billion to NT$249.5 billion, the Ministry of Finance said.

The increase added NT$3,000 to each individual's debt load, according to the ministry.

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