• The Financial District

98% OF TAIWANESE GET STIMULUS VOUCHERS FROM GOV’T

More than 23 million people, or 98.35 percent of Taiwan's population, had obtained stimulus vouchers by Thursday -- the deadline for the stimulus program launched by the government in mid-July to boost the economy amid the COVID-19 pandemic, according to the Ministry of Economic Affairs (MOEA).

The buying spurred by the high distribution rate of the NT$3,000 (US$106) vouchers has been reflected in the domestic economy, the ministry said Friday, Yang Shu-ching and Lee Hsin-Yin reported for Central News Agency.


The retail and food sectors, in particular, benefited from the distribution of the government stimulus vouchers, recording their highest ever monthly revenues in the period from July to November 2020, the ministry said.


Kung Ming-hsin, minister of the National Development Council, said the program contributed NT$100 billion to the country's gross domestic product.


When the program ended on the last day of December, 98.35 percent of citizens had claimed the vouchers, with 21.51 million procuring them in paper form and 1.81 million obtaining them electronically, according to the economics ministry.


To ensure proactive participation in the program, the government devised a system that required people to pay NT$1,000 to claim the NT$3,000 vouchers



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