Taiwan to hike defence spending by nearly 23% to US$31.1b, or over 3% of GDP
Taiwan plans to ramp up defence spending next year to more than 3% of its GDP, as part of its response to US pressure to invest more in its own security. At US$31.1 billion, the spending would represent a nearly 23% hike from this year. For the first time, it would also include funding for Taiwan's Coast Guard, which has been engaging increasingly in standoffs with its Chinese counterpart. Victoria Jen reports from Taipei and Toni Waterman reports from Washington DC.
Taiwan plans to ramp up defence spending next year to more than 3% of its GDP, as part of its response to US pressure to invest more in its own security. At US$31.1 billion, the spending would represent a nearly 23% hike from this year. For the first time, it would also include funding for Taiwan's Coast Guard, which has been engaging increasingly in standoffs with its Chinese counterpart. Victoria Jen reports from Taipei and Toni Waterman reports from Washington DC.
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