TAIPEI (Reuters) – Taiwan’s defence spending in 2022 is set to grow 4% over this year, according to Reuters calculations from government figures released on Thursday.
President Tsai Ing-wen’s cabinet proposed military spending of T$471.7 billion ($16.89 billion) for the year starting January, up from this year’s budget of T$453.4 billion, the budget office said in a statement.
($1=27.9310 Taiwan dollars)
(Reporting by Ben Blanchard and Yimou Lee; Editing by Clarence Fernandez)
