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?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
You may also like
More from Defence Notes
-
![US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness]()
US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
-
![US FY2024 funding package passes as China closes military capability gap]()
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
![NATO outlines future challenges as Ukrainian funding from US stalls]()
NATO outlines future challenges as Ukrainian funding from US stalls
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
-
![US Pentagon to reduce investments in main acquisition programmes over FY2025]()
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
-
![Haiti crisis forces Caribbean militaries to prepare for intervention]()
Haiti crisis forces Caribbean militaries to prepare for intervention
As gangs gain control of Port-au-Prince, Haiti’s Caribbean neighbours have been preparing to intervene in the failed state, with the US and other partners waiting in the wings with equipment and financial support.
