TAIPEI, Sept 16 (Reuters) - Taiwan's government proposed on Thursday spending an extra T$240 billion ($8.69 billion) on defence over the next five years, in addition to the previously announced defence budget, to boost capabilities against a rising military threat from China.
The money is for precision missiles and navy vessels as well as weapons for coast guard vessels, the Defence Ministry said in a statement following a weekly cabinet meeting. ($1 = 27.6330 Taiwan dollars) (Reporting by Ben Blanchard and Yimou Lee; Editing by Muralikumar Anantharaman)
