Budget Act (預算法)

Taiwan's fiscal framework is grounded in a five-branch constitutional system (五院, Five Yuan) unique among democratic states. The Budget Act (預算法) is the organic statute governing budget preparation, appropriation, execution, and accountability. The Executive Yuan (行政院) prepares and submits the annual general budget to the Legislative Yuan by September 1 (122 days before the January 1 fiscal year start). DGBAS (行政院主計總處) coordinates budget formulation and publishes comprehensive fiscal statistics at dgbas.gov.tw. Audit oversight rests with the Control Yuan (監察院) — a separate constitutional branch exercising impeachment, censure, investigation, and auditing powers — via the National Audit Office (審計部). The Auditor-General is nominated by the ROC President and consented by the Legislative Yuan for a 6-year term. Procurement is governed by the Government Procurement Act (1998); Taiwan acceded to the WTO GPA in 2009 as 'Chinese Taipei.' The CPIS portal (web.pcc.gov.tw) publishes contract awards at transaction level. FRAMEWORK NOTE — STRUCTURAL ABSENCES (NOT DATA GAPS): Taiwan is not a UN member state. Accordingly, Taiwan is not surveyed by IBP OBS, is not an IMF member (expelled 1980), is not assessed by PEFA, and is not an OECD member. These are status absences from Taiwan's diplomatic position, not information gaps. Taiwan's de facto fiscal governance is sound (public debt ~35-40% of GDP; DGBAS publishes internationally comparable statistics). Currency: TWD (New Taiwan dollar). Fiscal year: January 1 - December 31.

Transparency Requirements