Taiwan will spend NT$70.6 billion (US$2.2 billion) on weapons from the US next year amid the escalating threat from mainland China.
The island’s defence ministry said Taipei has signed contracts with the United States for 21 procurement projects, totalling NT$716.6 billion, with final payments scheduled to be made in 2031.
“Of this total, approximately NT$373.1 billion has already been paid, while NT$343.5 billion remains unpaid and will be disbursed according to the payment schedule,” the ministry said on Monday.
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