Canada’s annual defense budget is $22.8 billion. In the next 20 years it will increase significantly.
Canada intends to increase its own defense spending. And if Canada’s annual defense budget is $22.8 billion now, in 20 years defense spending will reach $53.7 billion. Canadian Prime Minister Justin Trudeau announced this on Monday, April 8, Reuters reports.
He noted that the impetus for such a move was Russia’s aggressive war against Ukraine, as well as China’s growing military influence.
“Defending the Arctic, as well as addressing security concerns from Russia and China, means Ottawa needs to strengthen its defences,” he said.
Trudeau emphasized that Canada is committed to preserving and protecting the rules-based order that has allowed people around the world to thrive for most of the past century.
It is known that Canada’s military spending will be 1.76% of its gross domestic product by 2030, still below the 2% NATO target set for member states. Officials told reporters that there is no specific date for reaching the 2% mark.
It was also reported that Canada, as part of new military aid, will transfer a batch of night vision devices to Ukraine.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.