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The Economic Times

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Taiwan's parliament approves $25 bn defence spending bill

Taiwan's parliament approved a $25 billion defence spending bill on Friday that opposition lawmakers say will be used for US weapons, following months of political wrangling. The Kuomintang (KMT), which favours closer ties with China, and the Taiwan People's Party (TPP) announced on Friday they would be willing to raise their original spending proposal to a maximum NT$780 billion (nearly $25 billion) for US arms only.

8 May 2026 5:14 pm