icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Taiwan unveils largest defense spending increase in decade

Taiwan unveils largest defense spending increase in decade

Taiwan unveiled its largest defense spending increase in more than a decade on Thursday amid rising military tensions with China.

President Tsai Ing-wen’s cabinet signed off on an 8.3 percent increase in military spending for the year starting January to $13.11 billion, its largest yearly gain since 2008, Reuters said.

If approved by lawmakers, it will be the highest since records started in 2001, data from the statistics agency show.

“To react to the enemy’s threat and to ensure national security, the defense budget continues to grow stably,” Taiwan’s Defense Ministry said in a statement. It plans to spend more to purchase advanced weapons from overseas. China has denounced arms sales from the United States to Taiwan.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.