Defense spending to top NT$1.1 trillion

MORE DEFENSE SPENDING: Next year’s special budget is expected to total NT$240bn, and would include procurement programs for jets and uncrewed vehicles, a source said By Chung Li-hua / Staff reporter Add TT as Preferred Source The Cabinet is to approve next year’s budget on Aug. 20, with defense spending topping NT$1.1 trillion (US$34.07 billion) and NT$240 billion earmarked for a special budget, sources said yesterday.Next year’s central government revenue is expected to be NT$3.8 trillion, up 35.7 percent from this year’s budget, while spending would exceed NT$3.6 trillion, a 20 percent increase, sources said, adding that both figures would set new records.The government would not need to borrow next year, including for debt repayments, marking a rare balance between revenue and spending,