Taiwan's Bold Defense Budget Target Amid Rising Tensions
President Lai Ching-te aims for Taiwan's defense spending to hit 5% of GDP by 2030, responding to heightened military threats from China. Next year's budget will be 3.32% of GDP, with pressure from Washington to boost spending. Taiwan aligns with the NATO model to counter China's assertiveness.
In a decisive move to strengthen Taiwan's military capabilities, President Lai Ching-te announced plans to increase defense spending to 5% of GDP by the end of the decade. The proposal underscores Taiwan's commitment to bolstering its security in the face of mounting threats from China.
On the heels of this announcement, Taiwan's government confirmed an increase in next year's defense budget to 3.32% of GDP, marking a significant rise and aligning with the NATO model. This adjustment includes new allocations for the coast guard, reflecting a comprehensive approach to national security.
The initiative comes amid growing pressure from Washington, urging Taiwan to defend itself more robustly. As China intensifies its military and political maneuvers, Taiwan emphasizes its determination to protect its sovereignty and uphold peace in the Indo-Pacific region.
(With inputs from agencies.)
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