Taiwan Unveils Record Defence Budget for 2027
Taiwan's government proposes a record T$1.1225 trillion defence budget for 2027, the first to exceed T$1 trillion.
Taipei, August 20 – Taiwan's government has formally submitted its defence spending proposal for 2027, setting the figure at T$1.1225 trillion (approximately $35.24 billion). This marks the first time the annual defence budget has crossed the T$1 trillion threshold, underscoring the island's commitment to bolstering its military capabilities.
The proposal, presented on Thursday, aligns with an earlier announcement by President Lai Ching-te, who had previewed the figure earlier this week. The budget reflects Taiwan's ongoing efforts to modernise its armed forces amid regional security challenges.
If approved by the legislature, the allocation would represent a significant increase over previous years, signalling a continued prioritisation of defence in the national budget. The exact breakdown of expenditures has not been detailed in the proposal, but the overall figure indicates a substantial investment in the island's defence infrastructure.
The exchange rate used for the conversion is $1 = T$31.8520.