Cabinet to boost budget for missile production - News Summed Up

Cabinet to boost budget for missile production


Cabinet to boost budget for missile productionDEFENSE: The Cabinet is expected next week to pass a special bill that would add NT$40 billion to the budget and push for its legislative ratification, sources saidBy Lee Hsin-fang and Jake Chung / Staff reporter, with staff writerThe Executive Yuan is next week expected to approve a special bill drafted by the Ministry of National Defense for missile production, with a projected budget cap of NT$240 billion (US$8.67 billion), a Cabinet source said yesterday. The bill is offering NT$40 billion more than expected for missile manufacturing, the source added. Photo provided by the Presidential OfficeAnother political party source said that the special act and its budget would be given top priority in the new legislative session. A hypersonic missile program that has not yet been named, and a mid-range air-launched cruise missile program under the name Yun Feng, are also being developed, the source added. Tsai urged the brigade’s second squadron, which was established last month, to give their all in the Han Kuang exercises next week.


Source: Taipei Times September 10, 2021 15:56 UTC



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