Monday, 17 August, 2026
Price of Peace: Taiwan Outlays Record $35 Billion to Deter China
By TechShots Studio
Taiwan’s President Lai Ching-te announced a record proposed 2027 defense budget exceeding NT$1 trillion ($35.2 billion), pushing military spending past 3% of GDP for the first time. Framing the historic expansion as an "investment in peace," Lai emphasized that building stronger self-defense and asymmetric capabilities is essential to maintain stability across the Taiwan Strait against escalating military pressure from Beijing.
Read full story at REUTERS