The recently approved amendment to Taiwan’s Act Governing the Allocation of Government Revenues and Expenditures has resulted in a NT$375.3 billion (approx. US$11.8 billion) annual reduction in regular revenue for the central government. Minister of Economic Affairs Jyh-Huei Kuo, who recently returned from a visit to Europe, announced on December 24, 2024, that the Ministry of Economic Affairs (MOEA) will face an annual budget shortfall of NT$29.7 billion (approx. US$930 million). This deficit will disrupt key initiatives, including crucial water resource development and technology subsidy programs.