TAIPEI (Reuters) -Taiwan’s cabinet will propose defence spending of T$949.5 billion ($31.27 billion) for next year, accounting for 3.32% of gross domestic product, the official Central News Agency reported on Thursday.
The budget includes funding for the coast guard, veterans and special projects, the agency added.
The cabinet will hold a news conference later on Thursday to announce details of the budget.
($1 = 30.3650 Taiwan dollars)
(Reporting by Yimou Lee and Ben Blanchard; Editing by Christopher Cushing)
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