US EditionTaiwan announces special budget of $40 billion for arms purchases to bolster defense
The $40 billion plan will be allocated over eight years to modernize Taiwan's military and enhance asymmetric warfare capabilities, raising defense spending to 3.32% of GDP next year.
- On Nov. 26, President Lai Ching-te announced a US$40 billion supplementary defence budget after proposing it in a Washington Post op-ed on Nov 25.
- Against a backdrop of daily PLA activity, China has deployed warplanes, navy ships and drones toward Taiwan, while recent military intrusions and gray-zone tactics have caused deep unease in the Indo-Pacific region, Lai said.
- Funding asymmetric systems like mobile missile units will include the Taiwan Dome air-defense system and precision-strike missiles via joint development with the United States.
- To deliver on the pledge, Taipei expects Taiwan's defence spending to rise to 3.3% of GDP by next year and President Lai Ching‑te pledged it will reach 5% by 2030; the United States is legally bound to provide Taiwan with defensive means.
- With backlogs exceeding US $19 billion, defense experts say U.S. production constraints may delay arms deliveries to Taiwan, despite a planned $40 billion budget from 2026 to 2033.
108 Articles
108 Articles
This Wednesday, in his strategy of rearmament in the face of the threat from China, Taiwanese President Lai Ching-te has announced a special budget of $40 billion...
Taiwanese leader Lai pledges US$40 billion rise in defence spending
Taiwanese leader William Lai Ching-te has set out plans for an unprecedented rise in defence spending worth US$40 billion over the next eight years, describing it as a historic investment to safeguard the island’s democracy and deter an increasingly assertive Beijing. In an article for The Washington Post published on Wednesday, Lai said his government had committed to “significantly increase” military expenditure to 3.3 per cent of gross domest…
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Taiwan is preparing itself for war with China within the next two years, the country's President has confirmed, as tensions continue to escalate between the two countries.President Lai Ching-te announced plans to boost defence spending with a $40billion (£30.6billion) budget, he told a press conference today."There is no room for compromise on national security," he said. "National sovereignty and the core values of freedom and democracy are the…
Taiwan puts $40 billion toward building a defense dome and buying US weapons
TAIPEI, Taiwan (AP) — Taiwan’s President Lai Ching-te on Wednesday announced a special $40 billion budget for arms purchases, including to build a Taiwan Dome, an air defense system with high-level detection and interception capabilities, as the U.S. pressures the island to increase its defense spending. The budget will be allocated over eight years, from 2026 to 2033, and comes after Lai already pledged to raise defense spending to 5% of the is…
Taiwan is responding to China's growing threat with a record defense budget of $40 billion.
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