TAIPEI (Reuters) – Taiwan’s defence spending in 2021 is set to grow 10.2% compared with this year, according to Reuters calculations from government figures released on Thursday, ramping up investment in the face of increased military pressure from China.
President Tsai Ing-wen’s cabinet proposed T$453.4 billion ($15.42 billion) in military spending for the year starting January, versus T$411.3 billion budgeted for this year, the Directorate General of Budget, Accounting and Statistics said in a statement.
(Reporting by Yimou Lee and Ben Blanchard; Editing by Himani Sarkar)
