Taiwan has proposed a record high $19 billion in defense spending for next year, a double-digit increase on 2022
China carried out its largest-ever war games around the democratically governed island after a visit this month by U.S. House Speaker Nancy Pelosi. The trip infuriated Beijing, which saw it as a U.S. attempt to interfere in China's internal affairs.
The double-digit rise on 2022 marks a sharp increase compared with the island's defence spending growth in recent years; yearly growth has been below 4% since 2017."We always give safety and national security the top priority ... that's why operational costs rises greatly," Chu said, pointing to costs such as fuel and maintenance for aircraft and ships dispatched to counter Chinese military activity near Taiwan.
The island last year announced an extra defence budget of $8.69 billion by 2026, which came on top of its yearly military spending, mostly on naval weapons, including missiles and warships.
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