2017 defense budget unlikely to reach 3% of GDP: premier

06/21/2016 08:45 PM
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Taipei, June 21 (CNA) Premier Lin Chuan (林全) said Tuesday that the government's defense budget for 2017 is not likely to reach 3 percent of gross domestic product (GDP), given the country's tight financial situation.

Responding to a legislator's question during an interpellation session at the Legislative Yuan, Lin said the defense budget would have to be approximately NT$500 billion (US$15.54 billion) before it could reach 3 percent of GDP, which he said is unfeasible at present.

He said the government is hopeful that the defense budget can be increased slightly despite the difficult financial situation, but said that any significant growth is out of the question.

(By Wen Kuei-hsiang and Y.F. Low)ENDITEM/J

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