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Taiwan Pledged a Record Increase in Defense Spending

August 26, 2022 By The Editors

Taiwan is looking to double its defense spending amid escalating China tensions. Yimou Lee and Ben Blanchard of Reuters write (abridged):

Taiwan proposed on Thursday $19 billion in defence spending for next year, a double-digit increase on 2022 that includes funds for new fighter jets, weeks after China staged large-scale military exercises around the island it views as its territory.

China carried out its largest-ever war games around the democratically governed island after a visit this month by U.S. House Speaker Nancy Pelosi. The trip infuriated Beijing, which saw it as a U.S. attempt to interfere in China’s internal affairs.

The overall defence budget proposed by President Tsai Ing-wen’s Cabinet sets a 13.9% year-on-year increase to a record T$586.3 billion ($19.41 billion).

Read the full story here.

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