Taiwanese President William Lai announced that the island's defense budget will surpass 3% of its GDP, reflecting growing concerns over China's military threats. This decision involves an overhaul of military personnel policies, including plans to increase pay and extend mandatory service from four months to one year. Lai's comments, made during a speech to the American Chamber of Commerce, served as reassurances to both local and U.S. critics regarding Taiwan’s military spending, emphasizing the need for cooperation with allies to maintain regional stability amid rising tensions in the Indo-Pacific.
Taiwan's defense budget will exceed 3% of its GDP as it seeks to strengthen military capabilities and lengthen compulsory service to deter threats from China.
Lai's reassurances regarding defense spending aim to address both domestic critics and U.S. expectations for Taiwan to bolster its military in the current regional context.
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