Taiwan Could Boost Defense Spending by 5% Next Year
Taiwanese media is reporting the Cabinet will propose spending a record-high US$19 billion on defense in 2025.
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00:00Taiwan could boost its military spending by 5% next year.
00:05Local news agency, the United Daily, reports that the government plans to spend
00:09an all-time high of just over 19 billion U.S. dollars on defense.
00:14Taiwan's premier is expected to discuss next year's budget with the cabinet later on Monday,
00:19and then they'll submit the proposal to the legislature in August for approval.
00:23It reportedly includes new spending on missiles and on aircraft fitted with early warning radar systems.
00:29It's part of Taiwan's plans to strengthen its military to counter increasing threats from China.