The Cabinet has approved the central government's 2027 general budget proposal.
The proposed budget totals 3.9266-trillion N-T, an increase of 29.4-per cent from this year's general budget.
The government is insisting that the proposed budget will be balanced between revenue and expenditure, with 179-billion N-T in borrowing needed to finance debt repayments.
The 2027 budget allocates 1.1225-trillion N-T for defense spending.
The Cabinet is expected to submit the budget to the Legislative Yuan for review by the end of August.
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