Taiwan allocates record defence budget for 2022

Facing increasing belligerence from China, Taipei has significantly boosted defence spending, especially for domestically-produced weapons.

Taiwan’s parliament passed an extra spending bill of NT$236.96 billion ($8.56 billion) to procure weaponry over the next five years, to counter ‘severe threats’ posed by China.

The special budget – which is separately financed and is not subject to deficit spending constraints of the normal budgeting process – will be used primarily to purchase indigenous weapon systems from 2022-26.