Taiwan President Lai Ching-te Pledges Record Defense Spending
President Lai Ching-te visited Kinmen to commemorate a 1958 military clash and announced defense spending will exceed 1 trillion New Taiwan dollars next year.
President Lai Ching-te visited Kinmen on Sunday to commemorate the 68th anniversary of the 1958 clash with Chinese forces, which initiated the Second Taiwan Strait Crisis. During the visit, Lai laid a wreath at a memorial park and addressed veterans, asserting that peace is secured through strength and that not an inch of territory can be sacrificed.
Lai criticized the ambitions for external expansion of China, specifically citing recent coast guard patrols in Taiwan-controlled waters as a source of unease in the Indo-Pacific. He stated that "Peace has never simply fallen from the sky" and emphasized that the resolve to defend national sovereignty must not waver.
To support this strategy of deterrence, the Taiwanese government announced that planned defense spending for next year will exceed 1 trillion New Taiwan dollars ($30 billion) for the first time. The Taiwan Affairs Office did not respond to requests for comment regarding the anniversary event.