Taiwan Finalizes Defense Budget Above 3% Of GDP

taiwan president william lai inspects han kuang exercise
Credit: Annabelle Chih / Getty
SINGAPORE—Taiwan's government has approved a defense budget of NT$1.12 trillion ($35.2 billion) for fiscal 2027, taking defense spending above 3% of GDP for the first time as Taipei accelerates efforts to strengthen its military capabilities. President William Lai said the budget demonstrates Taiwan...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for Aviation Week's Air Transport World magazine and the Asia-Pacific Defense Correspondent for Aviation Week.

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