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OTTAWA (Reuters) -Canada would have to double current defense spending by fiscal 2032-33 to achieve its stated goal of meeting NATO targets, an increase that could violate fiscal anchors put in ...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
OTTAWA (Reuters) -Canada expects to increase its defense spending to the NATO target of 2% of gross domestic product by 2032, Prime Minister Justin Trudeau said on Thursday, in Ottawa's first ...
The U.S. president-elect declared on Tuesday members of the military alliance should spend 5% of gross domestic product (GDP) on defence – a huge increase from the current 2% goal and a level ...
In April 2022, the government announced in its budget that it intends to increase defence spending by CA$8 billion over the next five years. [83] The federal government now factors in military-related spending from departments such as Veterans Affairs, Public Works, and the Treasury Board when calculating "defence spending". [84]
In 2012, the government of Canada announced a $3-million to support research on USV technologies. [79] [80] The status of the program was unknown as of 2021. Canadian Patrol Submarine Project Submarine: up to 12 TBD TBD On July 7, 2024 the Government of Canada announced the Canadian Patrol Submarine Project.
The budget introduced a "grocery rebate" of up to $467 for eligible families and up to $234 for eligible single people with no kids. The Canada Student Grants also saw a 40% increase in funding. [11] Freeland issued $15B of spending cuts, achieved by defunding public services and cancelling previously announced programs. [12]
Defence firms are confident Western governments will continue to increase spending on weapons to counter Russia and China, brushing off concerns that political upheaval in the United States and ...