A Canadian soldier carries spent light anti-tank weapons following the conclusion of Exercise Steele Crescendo, which took place outside of Riga, Latvia, in 2020.
The parliamentary budget officer says that if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion. All 32 NATO allies have agreed to spend at least two per cent of GDP annually on defence. The parliamentary budget officer says that if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion.
All 32 NATO allies have agreed to spend at least that amount on defence, but Canada is one of the only nations that has not presented a plan to reach the target. Twenty-three members already meet the target or say they will by the end of this year. Trudeau was under increasing pressure from allies, particularly U.S. politicians, to present a plan at the summit, which came a year after NATO leaders agreed to make two per cent a minimum spending target.Federal government can spend $46B more a year and remain sustainable over long term: PBO reportRepublican presidential nominee and former president Donald Trump has said in the past that the U.S.
Canada's latest defence policy, which was released in April, estimated that overall defence spending would grow to 1.76 per cent of GDP by the end of the decade.Minister of National Defence Bill Blair says ‘it's not just about how much money we have to spend, it’s about the capabilities we have to create for the Canadian Armed Forces.
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Federal government would have to double military spending to meet NATO target: PBOOTTAWA — The parliamentary budget officer says if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion.
Read more »
Federal government would have to double military spending to meet NATO target: PBOOTTAWA — The parliamentary budget officer says if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion.
Read more »
Federal government would have to double military spending to meet NATO target: PBOOTTAWA — The parliamentary budget officer says if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion.
Read more »
Federal government would have to double military spending to meet NATO target: PBOOTTAWA — The parliamentary budget officer says if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion.
Read more »