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DEFENSE BUDGET TO BE RAISED TO 2.85% OF GDP NEXT YEAR

ROC Central News Agency

2006-08-05 15:08:52

    Taipei, Aug. 5 (CNA) The country's defense budget will be increased to account for 2.85 percent of the gross domestic product (GDP) next year, up from this year's 2.45 percent, a Ministry of National Defense (MND) official said Saturday.

    The whole of the extra budget will be used for military arsenal procurement instead of financing personnel costs, according to Lin Chin-ching, director of the MND's strategic planning department.

    Lin made the remarks at an international seminar being held in Taipei on Taiwan-Australia-Japan strategic dialogue and the Asia-Pacific security environment.

(By Sofia Wu)

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