Latest defence announcement falls short
Today’s announcement that the federal government “expects” to honour – by 2032 – Canada’s commitment to spend two per cent of GDP on defence fails to include any details on how that target will be achieved. In addition, the announcement does not clarify how any new defence investments will be fiscally sustainable. Given the lack of detail, today’s announcement is unlikely to address the many frustrations and concerns expressed by leaders this week in Washington D.C.
The Business Council of Canada continues to urge that the government meet its two per cent spending promise by 2029/30 and ensure that any new spending on defence is offset by the reallocation of funds from other areas of government.
