Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Taiwan Seeks $11 Billion Defence Budget as China Threat Grows

President Tsai Ing-wen's proposal to increase the 2019 defence budget by 5.6 per cent to 346 billion Tw dollars ($11.3 billion) will go before parliament following the summer recess.

AFP

Updated:August 6, 2018, 6:46 PM IST
facebookTwittergoogleskypewhatsapp
Taiwan Seeks $11 Billion Defence Budget as China Threat Grows
In this file photo, Taiwan President Tsai Ing-wen gives a speech during the National Day celebrations in Taipei, Taiwan, October 10, 2017. (Photo: Reuters/Tyrone Siu)
Taipei: Taiwan's President Tsai Ing-wen on Monday said she is seeking to ramp up spending on the armed forced, as relations with China deteriorate.

Her proposal to increase the 2019 defence budget by 5.6 per cent to 346 billion Tw dollars ($11.3 billion) will go before parliament following the summer recess.

Beijing sees democratic self-ruling Taiwan as part of its territory to be brought back into its fold, by force if necessary.

China has stepped up pressure on Taiwan since Tsai came to power two years ago, as her government refuses to acknowledge the island is part of "one China".

It has staged a string of air and naval exercises, including a live-fire drill in the Taiwan Strait in April, which Chinese officials said were aimed at Taiwan's "independence forces".

"There have been many changes in international and regional situations and our national security is faced with more obvious and complicated threats," Tsai said on Monday as she attended a naval ceremony and announced the defence spending plan.

Up 18.3 billion Tw dollars from the previous year, it would account for 2.16 per cent of the GDP.

The 2018 defence budget was only up 1.9 per cent on the year before, at 327.7 billion Tw dollars.

Around a fifth of the 2019 budget would be spent on "defence self-sufficiency" projects, Tsai said.

Taiwan wants to beef up its homegrown defence systems, particularly its submarines.

The United States government this year approved a licence required to sell submarine technology to Taiwan, part of warming relations between the two sides.

Although the US does not have official diplomatic relations with Taipei after switching recognition to Beijing in 1979, it remains Taiwan's most powerful ally and arms supplier.

A long-stalled offer approved by then US president George W Bush in 2001 to supply eight conventional submarines has never come to fruition.

Last year, Taiwan also announced its bid to create a new generation of locally built jet trainers by 2026.

| Edited by: Naqshib Nisar
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results