Taiwan proposes 10% increase in defense spending for 2021

  3104
A surface-to-air missile  system in Taiwan 

A surface-to-air missile  system in Taiwan  (AP photo)

TAIPEI (Reuters) - Taiwan's defense spending in 2021 is set to grow 10.2% compared with this year, according to Reuters calculations from government figures released on Thursday, ramping up investment in the face of increased military pressure from China.

President Tsai Ing-wen's cabinet proposed NT$453.4 billion (US$15.42 billion) in military spending for the year starting January, versus NT$411.3 billion budgeted for this year, the Directorate General of Budget, Accounting and Statistics said in a statement.