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Taiwan

President Lai Ching-te of Taiwan says a defence budget of NT$1.1225 trillion will be proposed for 2027

President Lai Ching-te of Taiwan said a defence budget of NT$1.1225 trillion (1.1225 × 10¹²) would be proposed for 2027, and said defence spending would exceed 3% of gross domestic product (GDP). If approved, annual defence spending would exceed NT$1 trillion (1 × 10¹²) for the first time in the existing continuously comparable government defence expenditure data.

Source: Deutsche Welle; Reuters; Directorate General of Budget, Accounting and Statistics, Executive Yuan, R.O.C.