Taiwan's Legislative Yuan on 25 February 2020 approved a special budget proposal of NT$ 60 billion (US$ 1.97 billion) together with economic stimulus and relief measures to mitigate the impact of the coronavirus pandemic. The central government so far has proposed the following measures to help affected employees and industries:
- Ministry of Economic Affairs (“MOEA”) advised that services available to businesses include loan deferments, subsidized training programs, and discounts on utilities. Shen Jong-chin (沈榮津) further indicated that MOEA is planning to distribute “stimulus vouchers” worth NT$ 800 in both paper and electronic forms to encourage domestic consumption.
- Ministry of Transportation and Communication stated that the transportation, travel, and tourism industries will receive additional financial aid. Duty-free harbor shops, cruise advertisements, and other cruise related industries will receive full amount relief on rentals for nine months.
- Ministry of the Interior indicated, from February 2020, national parks that suffer substantial economic losses will receive a 50% amount of relief on rentals and royalty fees for three months and will obtain full amount relief in the event of a seventy percent decrease in tourism.
- Ministry of Culture advised that eligible small- or medium-sized enterprises in the cultural and arts industry can apply for a loan package, which package provides relief loans, interest subsidies, and extended repayment schedules. Consumers can use the aforesaid stimulus vouchers to purchase tickets for cultural and arts events, and at bookstores, record stores, and cinemas. Additional funding will be prepared to extend support for the revitalization measures for the cultural and arts industry.
- Ministry of Health and Welfare, Council of Agriculture Executive Yuan and Council of Indigenous Peoples stated that each had prepared well-established stimulus and relief measures to assist those affected adversely by the outbreak.
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