On Thursday (Aug. 15), the Executive Yuan has announced a central government budget of NT$2.1 trillion for the year 2020. The defense budget has been increased to NT$358 billion, the highest in recent years.
The Ministry of National Defense said that the central government budget plan for 2020 has been approved. Thus, the total defense budget will increase to NT$358 billion next year, which is an NT$17.5 billion, 5.2 percent, increase from this year. Along with an NT$53.3 billion fund budget, the national defense budget adds up to NT$411.5 billion in total, which is 2.26 percent of the national GDP.