Taiwan’s President William Lai Ching-te rolled out a 2026 budget proposal on Thursday that included a massive 22.9 percent increase in defense spending, bringing Taiwan’s total outlay to over three percent of its Gross Domestic Product (GDP) for the first time since 2009.
According to Premier Cho Jung-tai, the 2026 budget includes $31.27 billion in defense spending in U.S. dollars, bringing Taiwan up to 3.32 percent of GDP.
Proposed uses for the additional funding include new jet fighters, stronger naval defenses, and more money for the Coast Guard, which has not previously been included as part of Taiwan’s defense budget. More funding was…
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