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Taiwan’s opposition lawmakers forced through a special bill that provides billions of dollars of new funding for the military ...
The US Senate Armed Services Committee on July 9 passed the National Defense Authorization Act for Fiscal Year 2026, sending ...
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Taiwan’s defence spending soaring to $23.4bn by 2029 - MSNAccording to a report by GlobalData, 'Taiwan Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029’, Taiwan’s defence ...
Last week, Taiwan announced plans to increase its total defense spending to a record NT$606.8 billion (US$19.1 billion), equivalent to 2.6 percent of GDP. While this might seem like good news, the ...
The United States has "succeeded" in pressing its North Atlantic Treaty Organization allies to agree to increase their ...
Taiwan proposed on Thursday $19 billion in defence spending for next year, a double-digit increase on 2022 that includes funds for new fighter jets, weeks after China staged large-scale military ...
TAIPEI, Taiwan — Taiwanese President William Lai Ching-te said Thursday that the island's defense budget will exceed 3% of its economic output as it overhauls its military in the face of the ...
Even with its record defense spending, Taiwan's budget is still about 20 times smaller than that of China's, which set its 2022 budget at $211.6 billion, itself a 7.1 percent rise from last year.
Asked whether the envisioned 2025 spending would be sufficient, Rupert Hammond-Chambers, President of the US-Taiwan Business Council, told Defense News: “Answering this question is highly ...
Taiwan's President Lai Ching-te has said his government would aim to increase defense spending to 3% of its GDP this year, but the island's parliament has passed budget cuts that could hit defense ...
In fact, Taiwan’s opposition-led legislature has just approved the largest-ever national defense budget ($14.3 billion — an increase of 8.5 percent from last year). While passing the defense budget ...
Taiwan has significantly expanded its defense budget in recent years. From 2017 to 2023 its military spending rose to 2.5% of GDP from 2%, according to the U.S. Congressional Research Service.
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