New Population Strategy Estimated to Cost NT$205 Billion Annually; Executive Yuan Establishes Executive Task Force
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In response to the declining birth rate, President Lai Ching-te announced 18 measures in the "New Taiwan Population Strategy - Family Support" on the 27th. In response, Wang Wan-yu, chairperson of the New Power Party, stated on the 28th that she affirmed the policy direction and scale, but the core reason young people are hesitant to have children is high housing prices, low wages, and overwork; without addressing the deep-seated structural prob…
President Lai Ching-te announced today 18 new strategies from the government to address the challenges of a declining birth rate and demographic structure, with an estimated annual budget increase of NT$205 billion, bringing the total investment to NT$380 billion. The Executive Yuan will also establish a new population strategy implementation task force, chaired by Premier Cho Jung-tai, to track the progress of policy implementation.
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