Taiwan is aggressively seeking to increase military spending
According to Webangah News quoted by Mehr News Agency According to Reuters, Taiwanese authorities are looking to increase military spending in the region.
Taiwan authorities have recently proposed to increase their defense spending to 20.2 billion dollars next year, which is a record in its own kind.
This figure represents an increase of 7.7 percent compared to Taiwan’s defense spending in 2023 and is equivalent to 2.45 percent of Taiwan’s GDP.
“Lai Ching-te”, the head of the Taiwan region, previously proposed an increase in defense spending.
Tsai Ing-wen, the former president of Taiwan, during his power period between 2016 and 2024, increased Taiwan’s defense spending seven times, which is almost the defense budget of this country. He doubled the island.
The US is said to be forcing Taiwan to increase its military spending, citing the alleged threat of invasion from China.