The Legislative Yuan on Nov. 23 approved a bill authorizing the government to draft a special budget of up to NT$240 billion (US$8.66 billion) for arms procurements through the end of 2026.
The law allows the government to tap into a special budget to fund increased production of a range of important indigenous military armaments, including Hsiung Feng III (“Brave Wind”) supersonic anti-ship missiles, Tien Kung (“Sky Bow”) air-defense missiles and the Hsiung Feng IIE cruise missile, which possesses a medium-range ground attack capability.