Taiwan proposes a record $35B defense budget for 2027 as China’s military pressure grows

Taiwan's government unveiled a record-high defense budget of $35 billion for 2027, reflecting heightened efforts to counteract China's growing military pressure. This proposed annual expenditure, equivalent to 3% of the island's GDP, marks an 18% increase compared to the 2026 budget. China has been intensifying its military and political pressure on Taiwan, regularly sending fighter planes, coast guard vessels, and conducting large-scale military exercises, all while denying any intent to use force against the island.

Taiwan's defense spending, if approved, would surpass the $1 trillion mark for the first time, signaling a significant investment in national defense to ensure peace. President Lai Ching-te aims to raise defense spending to 5% of the GDP by 2030. The U.S. has consistently advocated for Taiwan to boost its defense budget, emphasizing that Taiwan's self-defense is crucial, given its unofficial but significant ties with Washington.