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Tuesday, Sep 27, 2022
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NEWS

Taiwan proposes highest-ever defence budget amid China tensions

Taiwan on Thursday proposed around $19 billion for its defence in 2023, a nearly 14 percent increase from the current total allocation.

The proposal followed China’s military drill around the island country since the visit of United States House Speaker Nancy Pelosi.

The funds will cover new fighter jets and programs for elevating sea and air combat capability.

The budget heads to the legislature, which begins a new session in September.

Taiwan had in January passed an extra spending bill of around $9 billion for five-year special defence funds, asides from the annual budget.

In 2022, Chinese defence spending has risen by 7.1 percent to 1.45 trillion yuan, higher than the 6.8 percent budget in 2021.

The Chinese government continues to condemn foreign support for Taiwan which has had an independent government since 1949.

On August 15, United States congress members met Taiwan President Tsai Ing-wen and lawmakers.

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