Budget 2022′s military increase falls vastly short of Canada’s NATO commitment to spend 2 per cent of GDP on defence
The Canadian government plans to raise military spending by $8-billion over the next half decade to help fund a revamp of North American defences, bolster protection from cyberattacks and send $500-million in additional weapons and gear to Ukraine.
The $500-million in weapons and other military aid for Ukraine will be spent this fiscal year, the government said. “These are very modest increases in defence spending,” David Perry, president of Canadian Global Affairs Institute, said of the 2022 budget. He said it’s best described as “another down payment.”
Canada first promised to spend 2 per cent on defence in 2014 at a NATO summit in Wales but has never reached this goal.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New federal budget will include up to $8 billion in defence spendingPolitics Insider for Apr. 7: Foreigners to be temporarily barred from buying homes in Canada; Ottawa to summon the Russian ambassador for tough questions over Kyiv atrocities; an Atlantic oil megaproject gets approved
Read more »
Feds pledge to add more than $8-billion for defence, announce review of defence policy in new budgetThe increase to the defence budget would boost Canada's spending to equal to 1.5 per cent of its GDP, according to a senior government official.
Read more »
Federal budget offers Ukraine up to $1 billion in loans, $500 million in military aidTotal contributions reach $2.8 billion to help fight Russia
Read more »
New federal budget will include up to $8 billion in defence spendingPolitics Insider for Apr. 7: Foreigners to be temporarily barred from buying homes in Canada; Ottawa to summon the Russian ambassador for tough questions over Kyiv atrocities; an Atlantic oil megaproject gets approved
Read more »
Canada won't meet NATO target with more than $8B in new military fundingThe federal Liberal government responded Thursday to months of pressure from the NATO military alliance and others by promising more than $8 billion in new military spending over the next five years.
Read more »
Announcing a major boost to defence spending, Freeland delivers a wartime speech | CBC NewsObservers in the national security sector — accustomed to hearing cabinet ministers talk in circumspect terms about Canada's war-fighting abilities — say they were surprised by the unambiguous language about Russia's war on Ukraine in Finance Minister Chrystia Freeland's budget speech.
Read more »