CNBC/Reuters: Taiwan proposes large rise in defense spending amid escalating China tensions
* Taiwan proposed $19 billion in defense spending for next year on Thursday, a double-digit increase on 2022 that includes funds for new fighter jets, weeks after China staged large-scale war games around the island it views as its sovereign territory.
* China carried out its largest-ever military exercises 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 an attempt by Washington to interfere in China’s internal affairs.
Taiwan proposed $19 billion in defense spending for next year on Thursday, a double-digit increase on 2022 that includes funds for new fighter jets, weeks after China staged large-scale war games around the island it views as its sovereign territory.
China carried out its largest-ever military exercises 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 an attempt by Washington to interfere in China’s internal affairs.
The overall proposed defense budget 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 more ....
Taiwan Announces Plans For A Record Defence Budget After China Drills
Taiwan's planned record defence budget signals to China that use of force could be costly: Expert -- CNA
Taiwan announces plans for record defence budget after China drills -- AFP
Taiwan set to boost defense budget to deter Chinese military -- Washington Post
Taiwan raises defense budget 14.9% amid military reform debate -- Nikkei Asia
Taiwan plans defense spending hike as China flexes muscles -- DW
Taiwan proposes large increase in defence spending -- Janes
Taiwan urged to boost defence spending further despite 14 per cent rise in military budget -- SCMP