What Happened
Record High Spending Raises Concerns Over Livelihoods
The Democratic Progressive Party authorities in Taiwan have pushed the region’s defense budget to a record high of $35.2 billion in 2027, surpassing $1 trillion for the first time and accounting for 3.93% of GDP. This rapid growth in military spending has raised concerns that it may come at the expense of people’s livelihoods and economic development. The budget is closely tied to an expanding military procurement agenda with the United States, with critics warning that the burden is ultimately borne by ordinary people. This development was reported by CGTN.