Headlines

Taiwan president appeals for harmony amid budget standoff

Published by Global Banking & Finance Review

Posted on January 27, 2025

2 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Taiwan President Lai Ching-te calls for harmony amid budget standoff - Global Banking & Finance Review
In a Lunar New Year message, Taiwan President Lai Ching-te emphasizes the need for harmony between ruling and opposition parties amid a significant budget standoff. His appeal highlights the importance of unity in governance and economic progress.
Global Banking & Finance Awards 2026 — Call for Entries

TAIPEI (Reuters) - Taiwan President Lai Ching-te appealed on Monday in his Lunar New Year message for harmony between the ruling and opposition parties, amid a standoff over the opposition slashing

Taiwan President Seeks Harmony in Budget Dispute

TAIPEI (Reuters) - Taiwan President Lai Ching-te appealed on Monday in his Lunar New Year message for harmony between the ruling and opposition parties, amid a standoff over the opposition slashing this year's budget.

While Lai won the presidential election last year, his Democratic Progressive Party lost its majority in parliament, giving the opposition legislative control that includes spending proposals.

Last week the opposition, citing a need to cut waste, passed spending cuts the government says amount to T$207.6 billion ($6.33 billion) or 6.6% of the proposed total budget, for central government spending this year.

The government is considering asking parliament to reconsider the budget, which includes defence spending, though the opposition has not shown signs of backing down.

In his message ahead of the Lunar New Year, which starts on Wednesday, Lai said harmony was needed, though he did not directly mention the budget or other disputes with the opposition.

"There is a saying that in a harmonious family, all things prosper," he said in the message carried on his social media accounts.

"The same goes for our nation. I look forward to the ruling and opposition parties being in harmony and our society uniting. Let's work together to help our nation continue to make great strides."

Lai, who Beijing denounces as a "separatist" given his rejection of the country's sovereignty claims, did not extend greetings to China, which last year staged two rounds of major war games around the island.

"I also want to thank everyone for your hard work over the past year. Together, we overcame many challenges, helping Taiwan continue to progress and develop, as well as play an even more important role on the global stage," he said.

This year, Lai said he will continue to promote development and spur economic growth.

"I will also be resolved in the missions of ensuring that the nation endures and progresses, safeguarding the lives and property of the public."

($1 = 32.8170 Taiwan dollars)

(Reporting by Ben Blanchard; Editing by Raju Gopalakrishnan)

Key Takeaways

  • Taiwan's president calls for political harmony.
  • Opposition cuts T$207.6 billion from budget.
  • Government may ask parliament to reconsider budget.
  • Lai emphasizes unity in Lunar New Year message.
  • No greetings extended to China amid tensions.

Frequently Asked Questions

What is the main topic?
The main topic is Taiwan's budget standoff between the ruling and opposition parties.
What did the opposition do?
The opposition passed spending cuts amounting to T$207.6 billion from the proposed budget.
What did President Lai emphasize in his message?
President Lai emphasized the need for political harmony and unity in his Lunar New Year message.

Related Articles

More from Headlines

Explore more articles in the Headlines category