Canada has announced a significant update to its defense policy, committing billions of dollars in new spending to bolster its military capabilities, particularly in the Arctic region. Despite this increase, the country will still fall short of meeting the North Atlantic Treaty Organization's (NATO) spending target of 2% of GDP on defense. By the end of the decade, Canada's defense spending is projected to reach 1.76% of GDP, up from its current level but below the NATO benchmark, with an expectation to rise to 1.7% in 2029. This decision comes amid pressure from the United States for Canada to increase its military expenditure. The new defense budget commitment totals $73 billion over the next 20 years, aimed at renewing Canada's military capacity.
According to Politico, by the end of the decade Canada will not meet the minimum defense spending commitments required of NATO members - 2% of GDP. In 2029, it will only be able to reach 1.7%.
Canada, under pressure from the United States to ramp up defense spending, pledged billions more for the armed forces and said military expenditure would be closer to the NATO target by 2030 https://t.co/tQsvNvgpNP https://t.co/QLGU5gQHwQ
Canada unveils updated defence policy, plan to spend $73B over 20 years on renewing military capacity https://t.co/eA8cK4gH4v
Unveiled on Monday, the long-awaited defence policy update projects Canada’s military spending to increase to 1.76 per cent of the national GDP by the end of the decade #cdnpoli #Budget2024 https://t.co/jIuYigyhj1
Do you think Canada should meet its 2% of GDP defense spending that NATO asks for from member nations? https://t.co/SabQG4VB1Y
PM Trudeau is questioned about why the new defence budget commitment of $73 billion amounts to only 1.76% of GDP, falling short of NATO’s target of allocating 2% of Canada’s GDP to defence. https://t.co/5cH6UbCgMX
Canada, pressured from US on defence, pledges more cash for military https://t.co/4yj7LcRcib https://t.co/wJn1RUXOM5
Two years after being ordered on an urgent basis, a new defence policy for Canada that promises to bolster the military's surveillance and combat capabilities in the Arctic has been unveiled. https://t.co/NWRuaB6Z6y .
Canada, under pressure from the United States to ramp up defense spending, on Monday pledged billions more for the armed forces https://t.co/KMKD3QaUYs
Unveiled on Monday, the long-awaited defence policy update projects Canada’s military spending to increase to 1.76 per cent of the national GDP by the end of the decade #cdnpoli #cdndefence https://t.co/jIuYigyhj1
Trudeau government announces billions more for the military — but still won’t meet NATO’s spending target, @TondaMacC reports. https://t.co/1HTMdyVTWE #cdnpoli Find out more at https://t.co/xofn4ZIXij https://t.co/Jp44lyw67k
⚠️ CANADA, PRESSURED FROM US ON DEFENCE, PLEDGES MORE CASH FOR MILITARY Full Story → https://t.co/UiGFOnVILC Canada, under pressure from the United States to ramp up defense spending, on Monday pledged billions more for the armed forces and said military expenditure would be…
Canada unveiled a new defense strategy that focuses on strengthening its military capabilities in the Arctic region, but its spending by the end of the decade will still be short of the 2% target set by the North Atlantic Treaty Organization https://t.co/tLzHZ6n0t8
Trudeau government announces billions more for the military — but still won’t meet NATO’s spending target #cdnpoli https://t.co/m9oxGX3uht
Canada's long-promised defence policy update puts billions of new spending into defence, but still falls short of the NATO commitment to put two per cent of GDP into security. READ MORE: https://t.co/13x2ynXD1n https://t.co/13x2ynXD1n
#Breaking: Trudeau government announces billions more for the military — but still won’t meet NATO’s spending target. https://t.co/Q5whrLbKsT
NEW: Canada will fail to hit NATOs goal for members to spend 2% of GDP on defense this decade. It’ll rise to 1.7% in 2029, officials in Ottawa said on Monday. We’ll see how this plays at NATO HQ.
#Analysis: Canada has been a member of NATO since its founding in 1949, but its partners have grown impatient with its modest military spending. https://t.co/c6SdnhbWni .