Focus Taiwan
Date: 2018/08/06
By: Shih Hsiu-chuan

Taipei, Aug. 6 (CNA) Taiwan will spend more than one-fifth of its defense budget

President Tsai Ing-wen (蔡英文)

next year on the development of indigenous weapons, in line with the government’s policy of strengthening national security, President Tsai Ing-wen (蔡英文) said Monday.

In the government’s proposals for the 2019 national budget, defense spending has been increased by NT$18.3 billion (US$592.6 million) from the previous year to NT$346 billion, which represents 2.16 percent of the country’s gross domestic product, Tsai said.

Of the total defense budget, NT$73.6 billion, or 21.3 percent, will be spent on developing indigenous defense systems, an increase of NT$25 billion, as part of the effort to build Taiwan’s warfare capability, she said.    [FULL  STORY]