Key facts
- Taiwan's President Lai Ching-te vowed to continue efforts to increase defense spending.
- Parliament approved only two-thirds of a $40 billion supplementary budget.
- Funds for domestically made drones and missiles were vetoed by parliament.
- Lai plans to pursue defense funding through separate legislation or supplementary budgets.
- The president aims to raise defense spending to 5% of GDP by 2030.
Taiwan President Lai Ching-te stated on Tuesday that he would not abandon efforts to increase the island's defense spending, following a decision by the opposition-majority parliament to approve only two-thirds of a $40 billion supplementary budget last month. The parliament vetoed funds for domestically made drones and missiles, which Lai wants to bolster Taiwan's deterrence against China.