The purchase of military hardware including U.S.-made fighter aircraft was part of the new budget, officials said.
Taiwan is looking to surge its plateauing defense spending with a double-digit increase next year, budget officials said on Thursday, in the weeks after China put on the largest show of force in the Taiwan Strait in nearly 30 years.
The amount, a record high, is a year-on-year increase of 13.9 percent—about 2.4 percent of the island's projected GDP—and includes a $3.58 billion special budget for defense equipment, as well as an additional discretionary fund. Past rises in defense spending have fallen within single digits, mostly under 5 percent.
Above, a Taiwan air force F-5 fighter aircraft takes off from Chihhang Air Base on August 06, 2022, in Taitung, Taiwan. Taiwan’s cabinet proposed a 13 percent increase in defense spending for the fiscal year 2023, the first double-digit increase in recent years.The budget proposal will require sign-off from Taiwan's parliament, where Tsai's Democratic Progressive Party holds a comfortable majority of seats.
Although Thursday's cabinet announcement lacked specific details about where the extra funds would go, Taiwan's Defense Ministry said the budget would help propel the island's indigenous fighter- and
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