Taiwan Proposes Record Defense Spending in 2027
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Taiwan's President Lai Ching-te announced plans to propose a record defense budget of NT$1.1225 trillion (approximately €30 billion) for 2027, a 16% increase from the current year. This investment, seen as an 'investment in peace', aims to maintain peace and stability in the Taiwan Strait and the region amid growing military pressure from China. The budget will account for over 3% of Taiwan's GDP, demonstrating its commitment to strengthening self-defense capabilities. The proposal comes as Taiwan faces increasing military pressure from China and follows US urging for increased defense spending.
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