Taiwan intends to supplement its defense budget by 40 billion dollars by 2033, in the context of pressures from China.
Raluca Ioana Draghici
International
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Wellington Koo, the Minister of Defense of Taiwan, announced the completion of preliminary coordination with the United States for military acquisitions, receiving details about offers and the transaction schedule. President Lai Ching Te proposed an increase in the defense budget by 40 billion dollars for the period 2026-2033, aiming to strengthen the island's defense capabilities in the face of threats from China. The proposal requires parliamentary approval, where the opposition, represented by the Kuomintang Party, has expressed concerns about dependence on massive loans. Premier Cho Jung-tai emphasized the economic benefits of the investment, estimating the creation of 90,000 jobs and a direct economic impact of 13 billion dollars.
Sources
Taiwan a început discuțiile cu Statele Unite pentru noi achiziții de armament
Taiwan announces $40 billion budget for weapons purchases as U.S. pressures island to increase defense spending
BBC World Service - Newshour, Taiwan to spend extra $40bn on defence to counter China
Taiwanul vrea să își majoreze cheltuielile pentru apărare cu 40 mld. $. SUA: „Un pas important spre menținerea păcii și stabilității”
Taiwan unveils $40bn budget for defence spending to counter China
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