Taiwanese government is spending NT$83 billion (USD2.47 billion) on their shopping voucher program to boost domestic consumption and stimulate the economy.
Taiwan’s citizens and eligible residents (foreign spouses etc.) are receiving shopping vouchers worth NT$3,600 (USD107) from the government, regardless of age and financial capability (wealthy people are encouraged to donate the vouchers though).
The distribution has started on January 18th, just soon enough for Chinese New Year spending spree. The vouchers are valid until September 2009 and not exchangeable to cash… so the people are ‘forced’ to spend on it.
USD107 might not seem much, but for a small family of four… it added up to USD428, which should be quite useful during the current economic situation.
