Agency budget cuts pass third reading

ACROSS-THE-BOARD CUTS: Special allowance funds would be reduced by 60 percent across government agencies, with overseas and domestic travel budgets also affected By Chen Cheng-yu and Fion Khan / Staff reporter, with staff writer Add TT as Preferred Source The Legislative Yuan yesterday passed the third reading of across-the-board budget cuts for central government agencies in this fiscal year, reducing overall spending by NT$48 billion (US$1.5 billion), or about 1.689 percent.The Executive Yuan submitted this fiscal year’s central government budget proposal to the legislature on Aug. 29 last year, projecting NT$2.8623 trillion in revenue and NT$3.035 trillion in expenditure.Budget deliberations have been delayed for 350 days. Legislative Speaker Han Kuo-yu bangs the gavel at the Legislativ