In the 1980s and 1990s, military spending gradually decreased, dropping to 1.6% in 1999 as democratization and economic challenges took precedence. The turn of the millennium marked a steady decline, reaching a low of 1.0% in 2014. More recently, military expenditure slightly increased, hitting 1.4% in 2021, driven by modernization efforts in response to territorial disputes in the South China Sea. However, this trend reversed in 2022, with expenditure falling to 1.0%, likely reflecting shifting fiscal priorities amid the pandemic recovery.
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