INTRODUCTION
Government budget can be divided into budget and fund by the way it is managed. And there are two ways of financing a project: investment or lending. Government budget is divided into central government budget and local government budget, each of which can be subdivided into general...
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2014.02.17
6,520
Dr. Jeongbin Im
Professor
Department of Agricultural Economics and Rural Development
College of Agricultural and Life Science
Seoul National University
Seoul, Korea
E-mail: jeongbin@snu.ac.kr
The Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced that...
2016.10.14
3,074
INTRODUCTION
Government budgets are divided into subsidies and loans in terms of project support schemes. In addition, they are also divided into central government and local government budgets, each of which has general and special accounting.
The special account is a budget scheme that does...
Deputy agricultural minister warned on Wednesday (Jan. 15) that revising the Act Governing the Allocation of Government Revenues and Expenditures (財劃法) could severely impact the Ministry of Agriculture's (MOA, 農業部) initiatives. The Legislative Yuan (立法院) passed the amendment in December 2024, requiring the central government to allocate an additional NT$375.3 billion to local authorities. This affects 28% of the 2025 budget after mandatory expenditures.
Deputy Agricultural Minister Hu Jong-i (胡忠一) emphasized the national importance of agricultural production, irrigation, and climate resilience. He stated that agricultural production and marketing, irrigation, epidemic prevention, climate change adaptation, and building resilient agriculture are nationwide tasks that cannot afford any mistakes. The deputy minister expressed hope that agriculture would receive special consideration amidst budget changes.
The revised Act could reduce the ministry's budget for agricultural production and marketing by at least 30%, impacting efforts to promote domestically and internationally. Hu highlighted the necessity of building resilient agriculture to address climate change, which involves preventing landslides and mudslides from forests to plains. Failure to manage these could endanger lives and property.
Read more here.