1. President Lai Ching-te plans to increase Taiwan's defense spending to 5% of its GDP by 2030, in response to growing threats from China.
2. On Friday, President Lai visited a naval base in Yilan and discussed continuing budget increases for defense.
3. The Cabinet announced an increase in next year's defense budget by more than 20% compared to this year, which amounts to 3.32% of Taiwan's GDP. This decision comes in response to military activities from China and calls for increased defense spending from Washington.
2. On Friday, President Lai visited a naval base in Yilan and discussed continuing budget increases for defense.
3. The Cabinet announced an increase in next year's defense budget by more than 20% compared to this year, which amounts to 3.32% of Taiwan's GDP. This decision comes in response to military activities from China and calls for increased defense spending from Washington.
Similar Readings (5 items)
Taiwan aims to boost defense spending to 5% of GDP by 2030
summary of Taiwan aims to boost defense spending to 5% of GDP by 2030
summary of Taiwan to boost defense spending to over 3% of GDP
summary of Taiwan to boost defense spending to over 3% of GDP
Summary: Taiwan plans special budget of $40 billion to counter China threats
Summary
Taiwan's President Lai Ching-te aims to boost defense spending to 5% of GDP by 2030 due to escalating threats from China. On a naval base visit in Yilan, he discussed budget increases for defense. The Cabinet has announced a 20% increase in next year's defense budget, amounting to 3.32% of the