Cabinet To Propose Record Defense Budget for 2027: Report
By TaiwanPlus
Taiwan's Cabinet is expected to propose a 16% increase in defense spending for 2027, according to sources cited by the official Central News Agency. The total budget could surpass US$34 billion, breaking the NT$1 trillion mark for the first time and reaching more than 3% of GDP.
Record 16% Increase Proposed for Taiwan’s 2027 Defense Budget
REPORTER:
That’s according to sources quoted by the country’s official Central News Agency. The increase would take the total budget up past 34 billion US dollars, breaking the 1 trillion New Taiwan dollar mark for the first time. The figure represents more than 3 percent of GDP, in line with NATO spending targets. An official announcement is expected to follow a Cabinet meeting on August 20. The proposal is likely to face resistance in the legislature, which is controlled by opposition parties.
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Taiwan to Propose Record-High 2027 Defense Budget
REPORTER:
Taiwan is slated to propose a higher defense budget for 2027 to match NATO spending targets.
Taiwan's cabinet will reportedly propose a 16 percent hike in defense spending next Thursday -- topping a record-high 31 billion US dollars, or 3 percent of GDP, according to the Central News Agency. It comes as Taiwan faces near-daily Chinese incursions by sea and air, and as strong economic growth and AI-driven revenue give the government more room to spend. The proposal is likely to face resistance in the opposition-controlled legislature.
