Taiwan Cabinet Approves NT$294.9B Special Military Budget, Seeks Fast-Track Approval Amid Payment Deadline
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On May 20, Taiwan's Executive Yuan approved a special military procurement budget of approximately NT$294.9 billion to enhance asymmetric warfare capabilities. This budget is for the first batch of arms purchases from the US, with an initial NT$8.8 billion to be allocated this year, financed by debt. Premier Cho Jung-tai urged the legislature for swift passage, citing an imminent payment deadline for the HIMARS rocket system. The budget, based on a previously passed special act, covers five weapon systems, including the M109A7 self-propelled howitzer and HIMARS, and will now be sent to the legislature for review.