Taipei, Aug. 21 -- Taiwan's defence spending is set to touch 3.32 per cent of the gross domestic product (GDP) next year, according to Premier Cho Jung-tai, as reported by Focus Taiwan.

Focus Taiwan noted that the Taiwanese Premier made the remarks on Thursday, highlighting that the planned budget increase underscores Taiwan's commitment to safeguarding national security.

As per Focus Taiwan, the proposed defence spending for the fiscal year 2026, after factoring in expenditures for veteran affairs and the Coast Guard, would touch NT$949.5 billion (US$31.18 billion), representing 3.32 per cent of GDP, Cho said at a Cabinet press briefing in Taipei.

Cho said that the new calculation method followed North Atlantic Treaty Organisation (NA...