The Japan Times - Taiwan's new opposition leader against defence spending hike

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

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.

K.Abe--JT