Cabinet to unveil budget this month

EXPECTATIONS: The budget would likely feature expanded spending, including higher defense allocations and extra funds for the president’s population plan By Chung Li-hua / Staff reporter Add TT as Preferred Source The Executive Yuan is to unveil the central government’s general budget for the next fiscal year in a Cabinet meeting on Aug. 20, which might include President William Lai (賴清德) committing to allocating 3 percent of the nation’s GDP to defense spending, a source said yesterday.Although the Legislative Yuan has not yet passed this year’s central government general budget, the Executive Yuan is already compiling the general budget for next year, they said, adding that the Directorate-General of Budget, Accounting and Statistics (DGBAS) last week reported on it to Lai and Premier Ch