Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. Taiwan's Big Military Budget Aimsto Resist China, Buy US F-16 Fighter Jets Ralph Jennings TAIPEI - Taiwan intends to raise its military budget more than usual next year following an increase in perceived threats from its old rival China, which has the world's third largest armed forces, and a nod from the United States to sell a major new round of F-16 fighter jets. The military budget will reach $13.1 billion next year, a historic high and 2.3% of the GDP-- a slight increase over this year-- according to the central government budget passed on Thursday. The budget, subject to parliamentary approval, includes a 5.2% hike for national defense, Taiwan's government-backed Central News Agency says. .