1. Self-financed funds for the past five years
Self-financed funds of Taipei city for the second half of 1999 and final accounts of 2000 are totaled at $148,010,572,000 NTD (one year equivalent). The 2001 final accounts grew by -15.47%, 2002 final account showed a decrease by -0.77%, the budget of 2003 had a growth of 3.97%, and the budget of 2004 grew negatively by 5.79%. The four year average growth carries a negative growth rate at -4.52%. The percentage of self-financed funds to the total annual revenue dropped slightly from 100.00% in the second half of 1999 and 2000 to 97.02% in 2004, indicating that the city is depending more and more on funds from higher level of authority. After offsetting the annual expenditure against the annual revenue, the shortfall is financed with bonds and loans. The shortfall rose from $13.4 billion in the second half of 1999 and 2000 (one year equivalent) to $14,963,893,000 in 2004, indicating an increase of $1,563,893,000 or 11.67%. According to the above statistics, self-financed funds have been declining for the past five years and the city has grown more dependent on funds from higher authorities. However, through adequate annual expenditure contraction, the loans are being brought under control and debts limited despite the declining in annual revenue. Generally speaking, the finances of Taipei City are relatively better than those of the central government, Kaohsiung City and other counties and cities.
2. Annual revenue for the past five years
The annual revenue for the second half of 1999 and final accounts of 2000 is recorded at a total of $148,010,572,000 (one year equivalent). Year 2001 final accounts grew by -14.45%, year 2002 final accounts grew by 1.59%, and budgets of year 2003 and 2004 grew by 3.24% in and -5.62% respectively, with an average growth of -3.81%. Taxes are the primary source of annual revenue followed by revenues from fees and fines. Except in 2003, tax income has been declining. It fell from $107,525,959,000 in the final accounts of the second half of 1999 and 2000 (one year equivalent) to $94,152,193,000 as recorded in the budget of 2004, indicating a decrease of $13,373,766,000 or 12.44%. Revenues from fees and fines from fines fell from $15,868,393,000 in the final accounts of the second half of 1999 and 2000 (one year equivalent) to $14,217,469,000 as registered in the budget of 2004, showing a decrease of $1,650,924,000 or 10.40%. According to the above statistics, the city’s annual revenue decreased for the past five years. Except surplus and income from public enterprises and subsidies, tax revenue, revenues from fees and fines, revenues from public properties, trust management revenue and revenues from other sources have been declining.
3. Annual expenditure for the past five years
The annual expenditure registered in the final accounts of the second half of 1999 and 2000 is $164,434,316,000 (one year equivalent). The figure grew by -8.93% in the final accounts of 2001, -1.04% in the final accounts of 2002, -0.89% in the budget of 2003 and -8.20% in the budget of 2004, with an average growth of -4.77%. Education, science and culture expenditure takes the top rank among all other annual expenditures. Economic development took the second place. Education, science and culture expenditure rose from $48,774,588,000 as registered in the final accounts of the second half of 1999 and 2000 (one year equivalent) to $51,243,629,000 as compared to the budget of 2004, registering an increase of $2,469,041,000 or 5.06%. Expenditure for economic development dropped from $30,904,720,000 in the final accounts of the second half of 1999 and 2000 (one year equivalent) to $22,722,698,000 as registered in the budget of 2004, with a decrease of $8,182,022,000 or 26.47%. According to the above statistics, the city’s annual expenditure fell in the past five years. Except education, science and culture and other expenditures, expenditures for economic development, social welfare, police, general administration, community development and environmental protection, liabilities, retirement and compassionate aids have been on the wane.
4. Personnel expenditure for the past five years
The percentage of personnel annual expenditure to the total expenditure is 38.73% as recorded in the final accounts of the second half of 1999 and 2000, 43.95% in the final accounts of 2001, 47.48% in the final accounts of 2002, 23.21% in the budget of 2003 and 25.04% in the budget of 2004, registering an average of 35.68%. Personnel expenditure fell from $63,679 million in the second half of 1999 and 2000 (one year equivalent) to $33,764 million in 2004, showing a decrease of $29,915 million or 46.98%.