Taiwan government plans to increase defense spending in 2027

The Taiwan government has announced its intention to increase defense spending by 16% by 2027. This increase will raise the military budget to NT$1.1 trillion, which is approximately €29.5 billion.

According to the state news agency CNA, the proposal is part of measures to strengthen Taiwan's defense in light of rising tensions in the region. The increase in military spending is viewed as a response to external challenges.

In addition to the percentage increase, Taiwan's military budget is expected to surpass 3% of the Gross Domestic Product (GDP) as early as next year, a significant indicator of the government's commitment to enhancing its defense capabilities.

The proposal will be discussed in the context of the national budget and is subject to approval by the relevant authorities. The government expects to gain the necessary support for the initiative to proceed as planned.

The increase in defense spending is a recurring theme in Taiwan, reflecting concerns over national security and the geopolitical dynamics in the Indo-Pacific region.

CNA, which reported on this change, did not disclose details about the specifics of the comprehensive plan or how the increase will be implemented over the coming years.