Taiwan Faces Security Risks as Defense Budget Slashed Amid Rising Chinese Military Threats
Taipei, Taiwan — Taiwan’s Ministry of Defense sounded alarms this Wednesday regarding a substantial proposed budget cut that could detrimentally affect the island’s security stance amid growing military threats from China. Opposition parties, in control of the majority in Parliament, have passed a law to reallocate funds, slashing the defense budget by approximately T$80 billion ($2.45 billion) to channel more financial support to local municipalities. This decision, coinciding with regional nations bolstering their defense expenditures, could see Taiwan’s defense budget plummet to below 2% of its GDP from a previously planned 2.4%. The Ministry of … Read more