{"id":3806,"date":"2022-08-25T03:30:39","date_gmt":"2022-08-25T03:30:39","guid":{"rendered":"https:\/\/asiaposts.com\/taiwan-proposes-12-9-on-year-rise-in-defence-spending-for-2023\/"},"modified":"2022-08-25T03:30:39","modified_gmt":"2022-08-25T03:30:39","slug":"taiwan-proposes-12-9-on-year-rise-in-defence-spending-for-2023","status":"publish","type":"post","link":"https:\/\/asiaposts.com\/taiwan-proposes-12-9-on-year-rise-in-defence-spending-for-2023\/","title":{"rendered":"Taiwan proposes 12.9% on-year rise in defence spending for 2023"},"content":{"rendered":"

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TAIPEI: Taiwan unveiled a proposed 12.9 per cent year-on-year increase in its defence budget for 2023 to T$415.1 billion (US$13.72 billion) on Thursday (Aug 25) amid tensions with China, which has sharply increased military activities near the democratically governed island.<\/p>\n

China, which claims Taiwan as its territory despite the strong objections of the government in Taipei, carried out its largest-ever military exercises around the island after a visit this month by US House Speaker Nancy Pelosi.<\/p>\n

On top of the proposed budget, Taiwan President Tsai Ing-wen’s Cabinet is proposing an additional T$108.3 billion in spending for fighter jets and other equipment.<\/p>\n

The proposal, which is a record high and must be approved by parliament, marks the island’s sixth consecutive year of growth in defence spending since 2017.<\/p>\n<\/div>\n

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[ad_1] TAIPEI: Taiwan unveiled a proposed 12.9 per cent year-on-year increase in its defence budget for 2023 to T$415.1 billion (US$13.72 billion) on Thursday (Aug 25) amid tensions with China, which has sharply increased military activities near the democratically governed island. 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