Taiwan plans 16% defence spending hike for 2027

Synopsis Taiwan’s cabinet will propose a sixteen percent defense spending rise for 2027. This proposed budget will exceed one trillion Taiwan dollars for the first time. China has increased military and political pressure on Taiwan recently. Taiwan is also responding to calls from Washington to bolster its own defense. The island nation is committed to military modernization and developing indigenous defense capabilities. Taipei: Taiwan’s cabinet will propose a 16% annual rise in defence ?spending for 2027 which will ?for the first time exceed T$1 trillion ($31 billion), the ?official Central News Agency reported on Sunday, as Taipei bolsters its military….