Cabinet approves record NT$1.1225tn defense budget for next year

DEFENSE PORTION: The defense budget would account for 3.01% of the projected GDP for this year, and includes funding for drones, missiles and the coast guard The Cabinet yesterday approved the central government’s budget proposal for next year, which would allocate NT$1.1225 trillion (US$35.16 billion) for defense, or

Taiwan’s cabinet approved a record NT$1.12 trillion ($35.1 billion) defense budget for next year, highlighting its push to deter China militarily.