Taiwan will have to borrow money and issue government bonds to raise NT$225 billion (US$7 billion) to balance its planned expenditures and revenues in 2011, according to the proposed general budget for next year delivered to the legislature Tuesday. The general budget bill submitted by the Executive Yuan shows that national revenues in 2011 will increase to NT$1.63 trillion, posing a growth of NT$82.6 billion, or 5.3 percent, from the previous year. The national expenditure, meanwhile, will grow by NT$74.6 billion, or 4.4 percent, to NT$1.789 trillion. The figures reveal a revenue-expenditure imbalance of NT$159 billion, representing a decline of NT$8 billion, or 4.8 percent, compared with the imbalance in 2010. The government also set aside NT$66 billion for debt repayment. The Executive Yuan has written a budget of NT$357.3 billion for expenditure on education, science and culture next year, accounting for 20 percent of the total. This is followed by NT$346.9 billion for social welfare, or 19.4 percent of the total, and NT$297.2 billion for military spending, or 16.6 percent of the total. 