Taiwan's Defense Budget to Exceed NT$1.1 Trillion Amid Rising Security Concerns
Taiwan's government is set to approve a defense budget exceeding NT$1.1 trillion (US$34.07 billion) for the upcoming year, marking a significant increase from previous allocations. This budget includes a special allocation of NT$240 billion for procurement programs, such as new fighter jets and uncrewed vehicles. The overall government revenue is expected to rise by 35.7%, allowing for increased spending without borrowing. The defense budget, calculated using NATO standards, is anticipated to surpass NT$1 trillion for the first time. This increase reflects Taiwan's response to growing regional security challenges and the need to enhance its military capabilities.