Taiwan military says budget delay threatens $2.4 billion in weapons buying, training
TAIPEI, April 2 (Reuters) - A delay in approving Taiwan's budget this year threatens T$78 billion ($2.44 billion) in weapons procurement, maintenance and training, a senior defence ministry official said on Thursday.
Defence spending is set to increase by 22.9% to T$949.5 billion in 2026, President Lai Ching-te's administration said in August. At 3.32% of gross domestic product, the figure will cross the 3% threshold for the first time since 2009, government figures showed.