Taiwan boosts defense spending in face of Chinese military prodding

August 23, 2024

Defense News

Taiwan’s Cabinet, the Executive Yuan, this week ratified a record defense budget of NT$647 billion, or US$20.2 billion, meant to help defend Taiwan against the prospect of a Chinese invasion.

The spending decision comes as Chinese forces continue their prodding of the island, which Beijing views as a rogue province. As of Aug. 22, People’s Liberation Army intrusions into Taiwan’s air defense identification zone – 1,739 incidents in 2024 – had already reached an annual record.

Taiwan’s defense expenditures in 2025 will represent a 7.7% increase if lawmakers approve the proposal later this month. The country’s Central News Agency said the allocation represent 2.45% of GDP, almost identical to this year’s.

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Curtis Stiles - Chief of Staff