The Prague Post - Taiwan's new opposition leader against defence spending hike

EUR -
AED 4.211393
AFN 72.244796
ALL 95.982096
AMD 432.319357
ANG 2.052753
AOA 1051.557417
ARS 1603.424201
AUD 1.641243
AWG 2.064125
AZN 1.954004
BAM 1.955435
BBD 2.309469
BDT 140.703754
BGN 1.960126
BHD 0.435819
BIF 3404.065016
BMD 1.146736
BND 1.467326
BOB 7.923522
BRL 6.112796
BSD 1.146686
BTN 105.842257
BWP 15.625085
BYN 3.392867
BYR 22476.027392
BZD 2.30607
CAD 1.583471
CDF 2588.183773
CHF 0.912745
CLF 0.026638
CLP 1051.798264
CNY 7.908585
CNH 7.921286
COP 4222.512346
CRC 539.499363
CUC 1.146736
CUP 30.388506
CVE 110.244435
CZK 24.575006
DJF 204.191911
DKK 7.505507
DOP 70.446859
DZD 153.116438
EGP 59.873831
ERN 17.201041
ETB 178.984913
FJD 2.555735
FKP 0.866182
GBP 0.866311
GEL 3.131037
GGP 0.866182
GHS 12.452677
GIP 0.866182
GMD 84.289519
GNF 10052.124908
GTQ 8.79336
GYD 239.895251
HKD 8.97946
HNL 30.352338
HRK 7.568004
HTG 150.351954
HUF 394.179508
IDR 19448.701448
ILS 3.605729
IMP 0.866182
INR 106.170389
IQD 1502.119799
IRR 1515669.760861
ISK 144.837141
JEP 0.866182
JMD 179.916439
JOD 0.813081
JPY 183.185402
KES 148.312334
KGS 100.281732
KHR 4598.142277
KMF 494.243657
KPW 1032.019272
KRW 1723.258101
KWD 0.352542
KYD 0.955522
KZT 561.355287
LAK 24570.416711
LBP 102681.246162
LKR 356.863432
LRD 209.830859
LSL 19.258608
LTL 3.386014
LVL 0.69365
LYD 7.316635
MAD 10.799685
MDL 20.003269
MGA 4761.111877
MKD 61.628504
MMK 2408.293814
MNT 4109.908675
MOP 9.243576
MRU 45.877442
MUR 53.33513
MVR 17.717506
MWK 1988.229122
MXN 20.584147
MYR 4.516425
MZN 73.288336
NAD 19.258608
NGN 1588.807126
NIO 42.19213
NOK 11.176343
NPR 169.34741
NZD 1.985003
OMR 0.440925
PAB 1.146586
PEN 3.954262
PGK 5.014065
PHP 68.334433
PKR 320.169477
PLN 4.298483
PYG 7397.620071
QAR 4.168222
RON 5.117429
RSD 117.34811
RUB 91.632507
RWF 1673.28787
SAR 4.303626
SBD 9.233195
SCR 17.507734
SDG 689.18878
SEK 10.871865
SGD 1.469547
SHP 0.860349
SLE 28.152796
SLL 24046.494883
SOS 654.177972
SRD 43.05769
STD 23735.121842
STN 24.495431
SVC 10.033128
SYP 126.777699
SZL 19.252409
THB 37.071728
TJS 10.99055
TMT 4.013576
TND 3.391067
TOP 2.761065
TRY 50.645643
TTD 7.776549
TWD 36.918714
TZS 2986.942825
UAH 50.565468
UGX 4311.195803
USD 1.146736
UYU 46.061408
UZS 13845.417319
VES 507.665371
VND 30152.278788
VUV 137.132233
WST 3.13652
XAF 655.834663
XAG 0.014239
XAU 0.000228
XCD 3.099112
XCG 2.066515
XDR 0.815648
XOF 655.834663
XPF 119.331742
YER 273.554311
ZAR 19.360243
ZMK 10322.005017
ZMW 22.318837
ZWL 369.248554
  • RBGPF

    0.1000

    82.5

    +0.12%

  • JRI

    -0.2300

    12.59

    -1.83%

  • CMSD

    -0.1100

    22.99

    -0.48%

  • BCC

    0.3800

    70

    +0.54%

  • RELX

    -0.0400

    34.14

    -0.12%

  • CMSC

    -0.1500

    22.99

    -0.65%

  • NGG

    0.0900

    90.9

    +0.1%

  • GSK

    -0.8900

    53.39

    -1.67%

  • RIO

    -2.8700

    87.83

    -3.27%

  • RYCEF

    -1.1300

    16.12

    -7.01%

  • BCE

    -0.1100

    25.57

    -0.43%

  • VOD

    0.1000

    14.41

    +0.69%

  • AZN

    -2.6000

    189.9

    -1.37%

  • BTI

    0.0400

    59.93

    +0.07%

  • BP

    0.5100

    42.67

    +1.2%

Taiwan's new opposition leader against defence spending hike
Taiwan's new opposition leader against defence spending hike / Photo: I-Hwa Cheng - AFP

Taiwan's new opposition leader against defence spending hike

Taiwan can't afford to hike its defence budget to more than three percent of GDP, the new leader of the democratic island's biggest opposition party told AFP, which could derail the government's spending plans.

Text size:

The Kuomintang party (KMT) controls parliament -- and the government's purse strings -- with the help of the Taiwan People's Party, and has close ties with China.

Taiwan president Lai Ching-te, who leads the Democratic Progressive Party (DPP), aims to boost defence spending to more than three percent of GDP next year and five percent by 2030, following US pressure to spend more on protecting itself against a potential Chinese attack.

China claims Taiwan is part of its territory and has threatened to use force to bring the island under its control.

"The US' expectations far exceed what we can reasonably afford," Cheng Li-wun, 55, told AFP in an interview before formally taking up the KMT chair post on Saturday.

"Taiwan isn't an ATM -- we really don't have that much money," she said.

"We certainly have the determination to defend Taiwan, but it's not a blank cheque. That's why I said we must have a reasonable defence budget."

Lai's government has proposed NT$949.5 billion (US$31 billion), or 3.32 percent of GDP, for defence spending next year.

It is also plans to seek up to NT$1 trillion in special funding to upgrade the island's air defence systems and increase capacity to produce and store ammunition for wartime.

The spending proposals need parliamentary approval before they can take effect.

The opposition-controlled legislature cut the 2025 general budget and froze some defence spending.

It is unclear how many KMT lawmakers in the parliament support Cheng's views, but she insists it is the "vast majority" of the party.

Outgoing KMT chair Eric Chu said previously the party supported increasing defence spending to more than three percent of GDP, but opposed Taiwan buying US weapons and equipment to resolve its trade deficit.

The United States severed formal diplomatic ties with Taiwan in 1979 in favour of China, but it remains the island's biggest arms supplier.

Cheng accused Lai of pushing Taiwan towards a potential war in which the island would be the "biggest loser".

- 'Pointless arms race' -

"If cross-strait relations are peaceful and stable, we don't need a pointless arms race," Cheng said, insisting dialogue with Beijing was the best option.

China severed high-level communications with Taiwan in 2016 after Lai's predecessor Tsai Ing-wen, also a member of the DPP, took power.

The dispute between China and Taiwan dates back more than 75 years to the Chinese civil war. Chiang Kai-shek's nationalist forces were defeated by Mao Zedong's communist fighters and fled to Taiwan.

Cheng said the "status quo" between Taiwan and China "cannot remain unchanged forever" and that there will inevitably will be a "process of change".

"What we are working hard for now is to prevent it from escalating into war, but rather towards reconciliation and peace," she said, adding she is willing to meet with Chinese President Xi Jinping.

Cheng began her political career in the DPP before switching to the KMT in 2005. She was the only female candidate in the October 18 elections, which were tarnished by allegations of Chinese interference.

Xi sent a congratulatory message to Cheng after her win and called on both sides to "advance national reunification".

After losing three presidential elections in a row, Cheng said the KMT "cannot afford to lose again" in 2028.

A.Novak--TPP