A $50 billion budget increase will still leave the country vulnerable if there’s hostilities in the Indo-Pacific, the Australian Strategic Policy Instute warns.
Taiwan has said balloons as part of the CCP’s “grey zone” tactics against Taiwan ‘in an attempt to use cognitive warfare to affect the morale of our people.’
A total of 42 Chinese warplanes and eight naval vessels were spotted around Taiwan on Aug. 19, just a day after Taiwanese vice president Lai Ching-te returned from a sensitive trip to the United States.
Taiwan’s cabinet has proposed NT$440 billion ($14 billion) in defense spending for the 2024 fiscal year, a 7.5 percent increase from the previous year, amid rising military tensions with China.
The United States has announced a $345 million military aid package for Taiwan following President Joe Biden’s order to draw weapons directly from U.S. stockpiles to help Taiwan counter China’s military threats.