New defense spending plan fails to hit 2-percent target.
Canada is the only country in the defensive bloc that’s lagging on both the 2-percent figure and another target: spending 20 percent of defense spending on equipment. | Czarek Sokolowski/APOTTAWA — Canada is not about to meet its NATO defense spending commitments anytime soon, a long-awaited major defense policy update revealed on Monday.
The prime minister vowed there’s more to come, given that some future spending has yet to be penciled in because the government has yet to land on some key decisions. “The policy appears to articulate a substantial down payment toward Canada’s pledge to meet its NATO commitment to spend at least two percent of its GDP on defense,” he said in a statement.
That figure, senior defense officials said Monday, will hit the requirement by fiscal 2025-2026, saving Ottawa from at least one major embarrassment.
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