18 Aug 69

"Taiwan" gives out 10,000 baht to all citizens next year, the president of Taiwan revealed, who is entitled to make an independent decision, what to use this money for after the first half of the GDP figure has grown to 14.15%.

On Aug. 17, President Qing-de, the leader of Taiwan, announced the 2027 federal budget plan, stating that it had framed NT $235,700 million for a plan to distribute NT $10,000 in cash, or about 10,000 baht, to all citizens next year.

According to Taiwanese leaders, the money distribution plan is the result of a strong growth in Taiwan's economy from a huge growth in artificial intelligence (AI) technology-related industries.

Although the Taiwanese authorities have not yet announced the details of the distribution, the Taiwanese leaders have confirmed that the people entitled to this money will be able to decide freely what to do, possibly for education, care for the elderly, household spending, or to invest in support of local affairs.

Previously, Taiwan authorities had already announced the distribution of NT $10,000 in 2025. At the time, it stated that to help people from inflation and the US tax wall measures, the distribution of the money covered Taiwanese citizens, foreigners with permanent residence status, to foreign spouses of Taiwanese citizens holding residence permits.

On Friday (Aug. 14), Taiwan announced that its economic growth figure for the first half of the year had reached 14.15%, with the expectation that the full-year economic growth rate could hit 11.05%, more than the previous estimate of 9.64%, believing that it could be the highest economic growth rate in 39 years.

Taiwanese leaders have pointed out that this growth is due to soaring world demand for AI and cloud services, affecting exports and investment in Taiwan's IT and semiconductor industries.