TAIPEI -- Taiwan's cabinet on Thursday approved a record-high defense budget bill of 606.8 billion New Taiwan dollars ($19.1 billion) for 2024, marking the seventh consecutive year of increases amid China's growing threat over the Taiwan Strait and as the U.S. actively supplies arms.
Defense
Taiwan allots record defense budget for 2024 to meet China threat
U.S. arms sales also contribute to 7th consecutive year of increases under Tsai
Taiwan has repeatedly conducted military exercises on remote islands in the Taiwan Strait, including the Penghu Islands. (Photo by Yu Nakamura)
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