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Taipei, Jan. 11 (CNA) The Legislative Yuan has passed a special budget that will provide NT$236.95 billion (US$8.55 billion) in funding over the next five years to buy weapons aimed at improving Taiwan's defensive capabilities.
The Legislative Yuan yesterday passed a NT$236.96 billion (US$8.56 billion) special budget to procure weaponry over the next five years, with the aim of enhancing the nation’s defenses against rising Chinese aggression. The majority, to be distributed over five years and fully financed through borrowing, would go toward weapons procurements, while NT$89.69 million is to be set aside for logistics and oversight. The final amount was on Monday adjusted down by NT$310 million during cross-party negotiations, cutting NT$300 million from the weapons allocation and NT$10 million from the logistics...
Its aggressive behavior is indicative of its interest in showing that Taiwan is vulnerable to a major air attack.
DEFENSE: The new law allows the government to use a special budget to acquire mostly indigenous weapons to boost Taiwan’s anti-air and anti-surface capabilities/ Staff writer, with CNA
The Legislative Yuan yesterday approved a bill authorizing the government to draft a special budget of up to NT$240 billion (US$8.63 billion) for arms procurements over the next five years. The new law allows the government to use a special budget — which is not subject to the spending constraints of the normal budgeting process — to acquire mostly indigenous weapons to upgrade the nation’s anti-air and anti-surface capabilities. The Executive Yuan would soon write a special budget based on the new law and submit it for review to lawmakers, said Democratic Progressive Party (DPP) Legisla...