Defense ministry sets preliminary 2018 budget at NT$327.8 billion

The China Post
Date: October 7, 20170
By: Tsai Chia-ling and Kuan-lin Liu

TAIPEI (CNA) – The Ministry of National Defense (MND, 國防部) has drafted a

Taiwan’s armed forces are busy preparing for National Day celebrations that will feature a military parade in Taipei and a flyover by the Air Force at the Liberty Square of the Chiang Kai-shek Memorial Hall on Oct. 6, 2017. The Ministry of National Defense has drafted a budget of NT$327.8 billion for 2018 to further strengthening Taiwan’s ability to defend itself in potential conflicts in the region. (CNA)

budget of NT$327.8 billion (US$10.79 billion) for 2018, much of which is dedicated to strengthening Taiwan’s ability to defend itself in potential conflicts in the region, according to a ministry report.

The report said the MND is not ruling out a potential conflict in parts of the Asia-Pacific region due primarily to North Korea’s missile tests that are destabilizing the area.

With tensions in the region escalating, the MND is dedicating most of its budget for next year to building up the country’s military and preparing it for battle.

In particular, the draft budget dedicates NT$53.1 billion to the development and production of weapons, up NT$11.9 billion from this year; NT$31.5 billion to logistics maintenance, up NT$5.5 billion from this year; and NT$2.6 billion to replace the gear used by soldiers, up NT$1.4 billion from this year.    [FULL  STORY]

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