Taipei City Construction Management Office

Since Mayor Chiang took office at the end of 2022, Taipei City’s business sales have continued to grow steadily, increasing from NT$17.08 trillion in 2022 to NT$19.41 trillion in 2025. Business sales have grown for four consecutive years, repeatedly reaching record highs. According to statistics from the Ministry of Finance, Taipei City’s business sales from January to May 2026 increased by 14% compared with the same period last year. The City Government’s active promotion of major construction projects has driven substantial growth in Taipei’s overall economy, with business sales expected to reach another record high this year!

The Department of Finance Commissioner Hu Hsiao-lan said that from 2023 through June 2026, the Taipei City Government completed 60 investment solicitation projects, attracting NT$98.3 billion in private-sector investment in Taipei, with significant results in investment promotion. This year, the City Government continues to promote six investment solicitation projects, including the Yongjian and Xiushan Long-Term Care Park BOT project, the public urban renewal project in the Linyi Section of Zhongzheng District, the land development project at Y20 Station (Jie 4) on the MRT Northern Loop Line, the ROT project for the Neihu Sports Center, the grant of superficies rights for the former site of the Taipei City Council, and the ROT project for space provided for use free of charge. These projects will accelerate urban development, stimulate local economic growth, and generate additional revenue for the city treasury, helping Taipei’s self-financing resources remain steadily above NT$120 billion for three consecutive years, the highest ratio of annual revenues among the six capital.

Commissioner Hu further stated that, while actively promoting major infrastructure projects and municipal services, the City Government has consistently adhered to the fiscal management principles of increasing revenue, reducing expenditures, and paying down debt. On the one hand, it has expanded sources of revenue through proactive investment promotion; on the other, it has prudently managed the level of debt and reduced interest expenses, thereby strengthening the City’s overall fiscal resilience. Following the repayment of NT$10.6 billion in debt in May this year, the Taipei City Government today (August 7th) completed an additional NT$3 billion debt repayment appropriated under the first supplemental budget for fiscal year 2026, demonstrating its continued commitment to fiscal discipline and sound financial management.

Since Mayor Chiang took office at the end of 2022, the Taipei City Government has reduced its debt by a total of NT$43 billion, the largest reduction among local governments nationwide. The outstanding debt balance has fallen substantially from NT$89.8 billion to NT$46.8 billion, while per capita debt has declined from NT$36,000 to NT$19,000, a reduction of approximately NT$17,000 over the past four years. The City’s fiscal position continues to improve, laying a stronger foundation for municipal development.

The Department of Finance further stated that sound fiscal management is the strongest foundation for advancing municipal development. In recent years, the Taipei City Government has actively attracted investment, expanded sources of revenue, continued to reduce debt, and enhanced the efficiency of fiscal management. These efforts have not only effectively reduced the City’s debt burden but also further strengthened Taipei’s fiscal resilience in responding to changes in the external economic environment and the demands of major infrastructure projects. Going forward, the City Government will continue to uphold fiscal discipline and, while balancing municipal development with fiscal sustainability, make prudent use of fiscal resources to accelerate major infrastructure projects and advance various municipal policies, thereby continuously improving residents’ well-being and Taipei City’s overall competitiveness.