Taiwan proposes 10pct increase in defense spending for 2021

14-Aug-2020 Intellasia | TaiwanNews | 6:02 AM Print This Post

Taiwan’s defense spending in 2021 is set to grow 10.2 percent compared with this year, according to Reuters calculations from government figures released on Thursday, ramping up investment in the face of increased military pressure from China.

President Tsai Ing-wen’s cabinet proposed NT$453.4 billion (US$15.42 billion) in military spending for the year starting January, versus NT$411.3 billion budgeted for this year, the directorate general of Budget, Accounting and Statistics said in a statement.

https://www.taiwannews.com.tw/en/news/3986450

 


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