US Edition
McGuinty says Ottawa reviewing defence spending ‘top to bottom’ ahead of NATO summit
- Defence Minister David McGuinty stated that Canada is conducting a thorough reassessment of its defence budget while participating in a NATO meeting of defence ministers in Belgium, ahead of the upcoming summit in the Netherlands scheduled for June 24-25.
- The review addresses mounting demands from NATO partners for Canada to considerably boost its defence budget, noting that in 2023, the country allocated just 1.33 per cent of its GDP to defence and is now facing calls to raise this share to 5 per cent.
- At the upcoming NATO summit, leaders are widely anticipated to endorse a substantial increase in defence spending targets, aiming for 3.5 per cent of GDP dedicated to core defence capabilities and an overall commitment of 5 per cent.
- Canada is launching a $6 billion initiative to enhance the security of its Arctic region and plans to finalize a contract for a dozen new submarines by 2028. Additionally, Prime Minister Mark Carney has committed to advancing the timeline for reaching the two per cent defense spending goal from 2032 to 2030 or earlier.
- McGuinty emphasized the shifting global security environment amid Russia's war in Ukraine and rising Chinese ambitions, stating Ottawa will make announcements on alliance spending commitments very soon to meet growing threats.
26 Articles
26 Articles
Defence spending being reviewed ’top to bottom’ ahead of NATO summit, McGuinty says
OTTAWA -- Ottawa is reviewing its spending "from top to bottom" as Canada's closest allies call on Canada to hike defence spending to levels not seen since the height of the Cold War, Defence Minister David McGuinty said Thursday.
The Chronicle-Journal
Minister says Ottawa reviewing defence spending 'top to bottom' ahead of NATO summit
OTTAWA - Ottawa is reviewing its spending "from top to bottom" as Canada's closest allies call on Canada to hike defence spending to levels not seen since the height of the Cold War, Defence Minister David McGuinty said Thursday.
McGuinty: Ottawa reviewing defence spending ‘top to bottom’ ahead of NATO summit
OTTAWA - Ottawa is reviewing its defence spending plans "from top to bottom," Defence Minister David McGuinty said Thursday, as Canada comes under pressure from allies to ramp up spending
castanet.net
McGuinty: Ottawa reviewing defence spending 'top to bottom' ahead of NATO summit
Ottawa is reviewing its defence spending plans "from top to bottom," Defence Minister David McGuinty said Thursday, as Canada comes under pressure from allies to ramp up spending to levels not seen since the height of the Cold War. McGuinty said the federal government will have more to say...
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