TAIPEI, Dec 26 - Taiwan's defense ministry has issued a warning regarding significant security implications following the passage of laws by opposition parties that mandate a reduction in defense spending by approximately T$80 billion ($2.45 billion). This decision comes at a time when Taiwan is confronting heightened military threats from China.
The opposition, which holds a parliamentary majority, approved legislation last week that reallocates funds from the central government to local municipalities. This move has faced strong opposition from the ruling Democratic Progressive Party (DPP) and has sparked protests involving thousands of citizens.
In a statement released on Wednesday, the defense ministry indicated that the budget cut could lead to a 28% reduction in the defense budget for the upcoming year, bringing it below 2% of Taiwan's GDP. The ministry expressed concerns that this reduction would severely impact military readiness and the ability to upgrade major weapon systems, with potential delays or cancellations of contracted purchases.
National Security Council Secretary-General Joseph Wu emphasized the need for further discussions, warning that the budget cut could convey a message of weakness in Taiwan's defense posture, potentially dissuading international allies from providing support during critical moments.
In August, the cabinet proposed a 7.7% increase in defense spending to T$647 billion, marking a record high as Taiwan seeks to enhance its military capabilities in response to the growing threat from Beijing. The DPP lost its parliamentary majority in elections held in January, leading to ongoing tensions with opposition parties on various issues.