Public Debt Act Article 5
When aggregated, the forecasted amounts of outstanding public debt with a maturity of one year or longer incurred by the central government, special municipalities, counties (and county-level cities), and townships (and township-level cities) under their respective general budgets, special budgets, and budgets allocated for the special funds other than enterprise funds and trust funds, may not exceed 50 percent of the average of nominal Gross Domestic Product (GDP) for the previous three fiscal years as published by the Directorate General of Budget, Accounting and Statistics (DGBAS) of the Executive Yuan; the distribution of the percentage shall be as follows:1. For the central government it shall be 40.6 percent.2. For special municipalities it shall be 7.65 percent.3. For counties (and county-level cities) it shall be 1.63 percent.4. For townships (and township-level cities) it shall be 0.12 percent.The ratio of the forecasted amount of outstanding public debt with a maturity of one year or longer incurred by a special municipality under Subparagraph 2 of the preceding paragraph, less its forecasted amount of outstanding public debt as of December 31, 2012, to the average of nominal GDP for the previous three fiscal years may not exceed the sum of the ratios calculated under the following two subparagraphs:1. Taipei City: 0.62 percent; Kaohsiung City: 0.15 percent; New Taipei City: 0.15 percent; Taichung City: 0.10 percent; Tainan City: 0.10 percent; and Taoyuan County: 0.10 percent.2. The percentage allocated to that special municipality weighted according to the average ratio of self-financing resources to its annual revenue for the previous three fiscal years.For individual special municipalities, the percentage allocated under Subparagraph 2 of the preceding paragraph, and the ratio of the aggregated amounts of outstanding public debt with a maturity of one year or longer that are eligible for borrowing before and after the June 27, 2013 amendment to this article enters into force to the average of nominal GDP for the previous three fiscal years, shall be publicly announced every year by the MOF.The ratio of the forecasted amount of outstanding public debt with a maturity of one year or longer incurred by a county (or county-level city) and a township (or township-level city) to the sum of annual expenditures under the general budget and the special budget of that county (or county-level city) and that township (or township-level city) may not exceed 50 percent and 25 percent, respectively.The forecasted amounts of outstanding public debt referred to in the preceding four paragraphs do not include self-redeeming public debt that has been deliberated, reviewed, and approved by the Public Debt Administration Committee and then taken on by the central government, special municipalities, counties (and county-level cities), and townships (and township-level cities). However, when the source of the funding of the self-redeeming debt ceases to be available, the resulting debt shall be included in the forecasted outstanding public debt. In addition, each level of government shall fully disclose the amounts it intends to draw down for financing purposes from the various funds it has established.The "self-redeeming public debt" referred to in the preceding paragraph means debt to be repaid with funds derived from operations in the future, or by way of specially allocated funding sources.Where the central government is concerned, the loan cap set for the general budget and the special budget for a fiscal year may not exceed 15 percent of the sum of annual expenditures under the general budget and the special budget.Where a special municipality, county (or county-level city), or township (or township-level city) is concerned, the loan cap set for the general budget and the special budget for a fiscal year may not exceed the combined total under the following two subparagraphs:1. The average of the 15 percent of the sum of annual expenditures under the general budget and the special budget for each of the previous two fiscal years.2. The figure obtained by multiplying the average under the preceding subparagraph by the average growth in the final accounts of self-financing resources for each of the previous three fiscal years.Within five years from the time the June 27, 2013 amendment to this Act enters into force, the loan cap for a fiscal year applicable to a special municipality integrated or upgraded to the status of special municipality after December 25, 2010 may not exceed 20 percent of the sum of annual expenditures under the general budget and the special budget of that special municipality, and is not subject to the restrictions of the preceding paragraph.With respect to the outstanding public debt with a maturity of shorter than one year incurred by the central government, special municipalities, counties (and county-level cities), and townships (and township-level cities) for purposes of balancing their treasury revenues and expenditures, the outstanding amount of such debt, for the central government, may not exceed 15 percent of the sum of annual expenditures under its general budget and special budget for the current fiscal year; and, for a special municipality, county (or county-level city), or township (or township-level city), may not exceed 30 percent of the sum of annual expenditures under its general budget and special budget for the current fiscal year.When the public debt incurred by the central government, a special municipality, a county (or county-level city), or a township (or township-level city) exceeds the applicable loan cap set out in this article, further borrowing shall not be made until compliance with the loan cap has been restored.Regulations governing the organization and operation regulations of the Public Debt Administration Committee shall be formulated by the central competent authority and filed with the Executive Yuan for review and approval.
中文原文 公共債務法第5條
中央、直轄市、縣（市）及鄉（鎮、市）在其總預算、特別預算及在營業基金、信託基金以外之特種基金預算內，所舉借之一年以上公共債務未償餘額預算數，合計不得超過行政院主計總處發布之前三年度名目國內生產毛額平均數之百分之五十；其分配如下：
一、中央為百分之四十點六。
二、直轄市為百分之七點六五。
三、縣（市）為百分之一點六三。
四、鄉（鎮、市）為百分之零點一二。
前項第二款各直轄市所舉借之一年以上公共債務未償餘額預算數，扣除其於中華民國一百零一年十二月三十一日未償餘額預算數後之數額，占前三年度名目國內生產毛額平均數之比率，不得超過下列二款之合計數：
一、臺北市百分之零點六二、高雄市百分之零點一五、新北市百分之零點一五、臺中市百分之零點一零、臺南市百分之零點一零、桃園縣百分之零點一零。
二、按各直轄市前三年度自籌財源占其歲入比率之平均數為權數所計算之分配比率。
前項第二款之分配比率及各直轄市於中華民國一百零二年六月二十七日修正之本條文施行前、後合計可舉借之一年以上公共債務未償餘額占前三年度名目國內生產毛額平均數之比率，每年由財政部公告之。
縣（市）及鄉（鎮、市）所舉借之一年以上公共債務未償餘額預算數，占各該政府總預算及特別預算歲出總額之比率，各不得超過百分之五十及百分之二十五。
前四項所定公共債務未償餘額預算數，不包括中央、直轄市、縣（市）及鄉（鎮、市）經公共債務管理委員會審議評估通過所舉借之自償性公共債務。
但具自償性財源喪失時，所舉借之債務應計入。
另各級政府向所設之各項基金調度周轉金額應充分揭露。
前項所稱自償性公共債務，指以未來營運所得資金或經指撥特定財源作為償債財源之債務。
中央總預算及特別預算每年度舉債額度，不得超過其總預算及特別預算歲出總額之百分之十五。
各直轄市、縣（市）、鄉（鎮、市）總預算及特別預算每年度舉債額度，不得超過其下列二款合計之數額：
一、前二年度總預算及特別預算歲出總額百分之十五之平均數。
二、前款平均數乘以其前三年度自籌財源決算數平均成長率之數額。
中華民國九十九年十二月二十五日後合併或改制之直轄市於本法一百零二年六月二十七日修正施行五年內，每年度舉債額度不得超過其總預算及特別預算歲出總額之百分之二十，不受前項規定之限制。
中央、直轄市、縣（市）及鄉（鎮、市）為調節庫款收支所舉借之未滿一年公共債務未償餘額，其未償還之餘額，中央不得超過其當年度總預算及特別預算歲出總額百分之十五；各直轄市、縣（市）、鄉（鎮、市）不得超過其當年度總預算及特別預算歲出總額百分之三十。
中央、直轄市、縣（市）及鄉（鎮、市）所舉借之公共債務，如有超過本條所規定之債限者，於回復符合債限前，不得再行舉借。
公共債務管理委員會組織規程及審議規則由中央主管機關擬訂，報請行政院核定。
一、中央為百分之四十點六。
二、直轄市為百分之七點六五。
三、縣（市）為百分之一點六三。
四、鄉（鎮、市）為百分之零點一二。
前項第二款各直轄市所舉借之一年以上公共債務未償餘額預算數，扣除其於中華民國一百零一年十二月三十一日未償餘額預算數後之數額，占前三年度名目國內生產毛額平均數之比率，不得超過下列二款之合計數：
一、臺北市百分之零點六二、高雄市百分之零點一五、新北市百分之零點一五、臺中市百分之零點一零、臺南市百分之零點一零、桃園縣百分之零點一零。
二、按各直轄市前三年度自籌財源占其歲入比率之平均數為權數所計算之分配比率。
前項第二款之分配比率及各直轄市於中華民國一百零二年六月二十七日修正之本條文施行前、後合計可舉借之一年以上公共債務未償餘額占前三年度名目國內生產毛額平均數之比率，每年由財政部公告之。
縣（市）及鄉（鎮、市）所舉借之一年以上公共債務未償餘額預算數，占各該政府總預算及特別預算歲出總額之比率，各不得超過百分之五十及百分之二十五。
前四項所定公共債務未償餘額預算數，不包括中央、直轄市、縣（市）及鄉（鎮、市）經公共債務管理委員會審議評估通過所舉借之自償性公共債務。
但具自償性財源喪失時，所舉借之債務應計入。
另各級政府向所設之各項基金調度周轉金額應充分揭露。
前項所稱自償性公共債務，指以未來營運所得資金或經指撥特定財源作為償債財源之債務。
中央總預算及特別預算每年度舉債額度，不得超過其總預算及特別預算歲出總額之百分之十五。
各直轄市、縣（市）、鄉（鎮、市）總預算及特別預算每年度舉債額度，不得超過其下列二款合計之數額：
一、前二年度總預算及特別預算歲出總額百分之十五之平均數。
二、前款平均數乘以其前三年度自籌財源決算數平均成長率之數額。
中華民國九十九年十二月二十五日後合併或改制之直轄市於本法一百零二年六月二十七日修正施行五年內，每年度舉債額度不得超過其總預算及特別預算歲出總額之百分之二十，不受前項規定之限制。
中央、直轄市、縣（市）及鄉（鎮、市）為調節庫款收支所舉借之未滿一年公共債務未償餘額，其未償還之餘額，中央不得超過其當年度總預算及特別預算歲出總額百分之十五；各直轄市、縣（市）、鄉（鎮、市）不得超過其當年度總預算及特別預算歲出總額百分之三十。
中央、直轄市、縣（市）及鄉（鎮、市）所舉借之公共債務，如有超過本條所規定之債限者，於回復符合債限前，不得再行舉借。
公共債務管理委員會組織規程及審議規則由中央主管機關擬訂，報請行政院核定。