Taiwan boosts defence budget in light of China’s threatening antics
Taiwan is seeking to improve its defensive capability in light of Chinese aggression. (Photo: Gordon Arthur)
Taiwan is boosting its defence budget, and at the same time seeking weapons from the US and enhancing indigenous missile production.
Taiwan’s Executive Yuan proposed a significant 13.9% hike in its defence budget for the year ahead, no doubt spurred on by China’s martial antics surrounding the recent visit by US House of Representatives Speaker Nancy Pelosi.
The budget increase amounts to a record NT$586.3 billion ($19.5 billion) defence budget for 2023. It still needs to be approved by the Legislative Yuan, but it would equate to 2.4% of GDP.
The proposed budget includes NT$108.3 billion for new fighters and other equipment.
The Directorate-General of Budget, Accounting and Statistics has not given a specific breakdown of the defence budget. Nonetheless, the
Already have an account? Log in
Want to keep reading this article?
You may also like
More from Defence Notes
-
![Spain unveils new multi-billion euro defence investment plan]()
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
![New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia]()
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
-
![UK Chancellor commits £2 billion to make the country a “defence industrial superpower”]()
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
![Avalon 2025: Australian defence budget meets the low expectations of show attendees]()
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
![Launch of Gilat Defense targets DoD market]()
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
