TAIPEI — Taiwan's defense spending will increase more than 7 percent next year, outpacing expected economic growth, Taipei's Cabinet said on Thursday, as the island adds more fighter jets and missiles to strengthen deterrence against a growing threat from Beijing.
TAIPEI — Taiwan's defense spending will increase more than 7 percent next year, outpacing expected economic growth, Taipei's Cabinet said on Thursday, as the island adds more fighter jets and missiles to strengthen deterrence against a growing threat from Beijing.China, which views democratically governed Taiwan as its own territory, has ramped up military and political pressure over the past five years to assert those claims, which Taipei strongly rejects.
People walk past CM-34 armored vehicles at an assembly line during a demonstration inside a military testing facility in Nantou County, central Taiwan, on June 16, 2022. EPA FILE PHOTOThe spending includes a special budget worth TW$90.4 billion to buy new fighter jets and ramp up missile production. That was part of the military's extra spending worth TW$240 billion announced in 2021 over five years.
Defense Spending To Hit $20.25B
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US approves $20 billion in weapons sales to Israel amid threat of wider Middle East warWASHINGTON (AP) — The U.S. has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the State Department announced Tuesday.
Read more »
US approves $20 billion weapons package for IsraelWASHINGTON, D.C. — US President Joe Biden's administration on Tuesday approved more than $20 billion in new weapons sales to Israel, brushing aside pressure from rights activists to stop arms deliveries over the death toll in Gaza.
Read more »
US OKs $20-B arms package for IsraelWASHINGTON, D.C. — United States President Joe Biden's administration on Tuesday approved more than $20 billion in new weapons sales to Israel, brushing aside pressure from rights activists to stop arms deliveries over the death toll in the Gaza Strip.
Read more »
Taiwan demands probe into fan incident during badminton doubles final against ChinaTAIPEI, Taiwan—Taiwan’s government on Monday called on French authorities to investigate an incident at the Paris Olympics men’s doubles badminton final against China when a Taiwan supporter had her sign reading, “Let’s go Taiwan,” ripped from her hands and torn up.
Read more »
Magnitude 5.4 quake shakes northeastern TaiwanTAIPEI — A 5.4 magnitude earthquake hit northeastern Taiwan on Thursday, the US Geological Survey (USGS) said, with the tremor shaking buildings in Taipei but causing no major damage.
Read more »
Typhoon Gaemi batters Taiwan and PHL, leaving death and destruction in its wakeTAIPEI, Taiwan—Taiwan has seen flooding in low-lying areas, along with landslides and damage to homes and shops after Typhoon Gaemi made landfall on the island.
Read more »