US$123 Billion 2027 Budget Proposal Announced – Aug. 20, 2026

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The Cabinet has put forward 2027's budget proposal totaling US$123 billion. Defense spending is also set to reach a record US$35 billion, putting it at the NATO benchmark of 3% of GDP. US President Donald Trump cuts joint military exercises with South Korea short amid suggestions he plans to meet North Korean leader Kim Jong Un later this year. Plus: - A former Taipei air force base is turning…

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