When Executive President Zhuo Yongtai attended the Legislative Yuan to report the 115th annual general budget and supplementary budget yesterday, he emphasized that stabilizing oil and electricity will keep people's living prices stable without increasing the burden of people's lives. He hopes that the Legislative Yuan will put people's lives in mind. (Photo by reporter Tu Jianrong)
[Reporters Liao Jianing, Chen Zhicheng/Taipei Report] When Executive President Zhuo Rongtai attended the Legislative Yuan yesterday to report on the 115th annual general budget and supplementary budget, he emphasized that stabilizing oil and electricity will keep people's living prices stable and will not increase the burden of people's lives. He hopes that the Legislative Yuan will put people's lives in mind. Eight major industrial and commercial groups also jointly called on Taipower and China National Petroleum Corporation to cooperate with the government to stabilize prices and people's electricity consumption and suffer losses. The government should prepare budgets to allocate subsidies or increase capital to avoid impacts on industrial operations and people's livelihood prices. They called on the Legislative Yuan to support them during deliberation.
The joint statement made two suggestions in support of oil and electricity replenishment
The Executive Yuan passed this year's supplementary budget, amounting to NT$607.6 billion, which included subsidies for PetroChina and Taipower. Considering that PetroChina's debt ratio was as high as 94%, it decided to increase the capital of PetroChina by NT$233.8 billion. This attracted dissatisfaction from the opposition parties, who threatened to delete it; the Federation of Industries Eight major industrial and commercial groups, including the Federation of Commerce, the Federation of Industry and Commerce, the Federation of Small and Medium Enterprises, the Industrial Association, the Federation of Industrial Zone Manufacturers, the Electrical and Electronics Association and the Federation of Industrial and Commercial Enterprises, issued a joint statement yesterday, putting forward two major suggestions in support of oil and electricity replenishment.
The first is to reasonably allocate policy losses and establish a sound supervision mechanism. The government should clearly distinguish between policy costs and operating responsibilities, establish a transparent review and supervision system, and ensure that energy R&D and net-zero transformation funds are not affected. At the same time, Taipower and PetroChina are required to propose medium- and long-term financial improvement plans and regularly disclose the implementation results.
The second is to establish a reasonable and transparent price mechanism to avoid passing costs on to the industry. Energy price adjustments should take into account people's livelihood care, industrial competitiveness and supply security, and full communication with the industry is required before major adjustments. A reasonable compensation system should be established to avoid freezing increases, cross-subsidies and excessive concentration of transformation costs on industrial users, and strengthen guidance for industries to improve energy efficiency.
To stabilize people's livelihood, Zhuo Kui hopes to establish the Yuan Yuan with the common people in mind
Zhuo Rongtai emphasized that the subsidies to China National Petroleum Corporation and Taipower are extremely important. If oil and electricity are stabilized, people's livelihood prices will be stable. He hopes that the Legislative Yuan will put the people in mind and regard stabilizing people's livelihood as an indispensable task.
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