Taiwan proposes 14% increase in defence spending

The cabinet signed off on spending plans for 2023 at its weekly meeting Thursday.

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A Taiwanese flag flaps in the wind in Taoyuan, Taiwan. REUTERS/Ann Wang

Bloomberg

1 min read Last Updated : Aug 26 2022 | 1:44 AM IST

Taiwan proposed raising its total spending on the military by almost 14 per cent next year, a record increase in the government’s budget as it bolsters its defences from a surge in Chinese military activity.

The cabinet signed off on spending plans for 2023 at its weekly meeting Thursday.

Topics : Taiwan

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