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Taiwan proposes 10% increase in defence spending for 2021

TAIPEI, Aug 13 – Taiwan’s defence spending in 2021 is set to grow 10.2% compared with this year, according to Reuters calculations from government figures released on Thursday, ramping up investment in the face of increased military pressure from China.

President Tsai Ing-wen’s cabinet proposed T$453.4 billion ($15.42 billion) in military spending for the year starting January, versus T$411.3 billion budgeted for this year, the Directorate General of Budget, Accounting and Statistics said in a statement. ($1 = 29.3990 Taiwan dollars) (Reporting by Yimou Lee and Ben Blanchard; Editing by Himani Sarkar)

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