Canada under pressure by allies to boost military spending: ‘Show us the money’
after a government review next month, but the increase is unlikely to comfort allies facing new threats and it could further undermine the country’s international military credibility, policy analysts said.
At 1.29 per cent of GDP in 2022, Canada’s defence spending as a percentage of GDP is about the same as it was in the late 1990s, according to the North Atlantic Treaty Organization , and well below the 2 per cent target for its members. The 2022 average spending for all of NATO was 2.58 per cent of GDP.Wagner rebellion shows ‘weakness’ of Russian regime: Stoltenberg
In order to meet the NATO target, Canada would need to spend an additional $13 billion and $18 billion per year for five years, the parliamentary budget office estimated last year. At stake is Canada’s credibility among partners as it seeks to bolster its heft internationally with a new focus on the Indo Pacific, and as it promotes itself as a preferred global supplier of resources such as critical minerals used in electric vehicles.
Trudeau has not commented directly on the news report, but when asked about it in April, he said Canada would “continue to invest” and would be a reliable partner.
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