Canada Faces Pressure to Double Defence Spending to Meet NATO Targets by 2032

A report from the Parliamentary Budget Officer highlights significant shortfalls in Canada's military spending plans amid international scrutiny.

The Parliamentary Budget Officer (PBO) reports that Canada must nearly double its military spending to $81.9 billion by 2032 to meet NATO's 2% GDP target.
Current Canadian defence spending is projected to reach only 1.58% of GDP by 2029-30, falling short of the 2% commitment.
Prime Minister Trudeau has pledged to meet the NATO target by 2032, but has not provided a detailed plan for achieving this goal.
Canada ranks fifth lowest among NATO countries in defence spending as a percentage of GDP, despite a 57% increase in its defence budget since 2014.
The PBO's report criticizes the government's reliance on flawed economic forecasts and warns of potential security implications if spending targets are not met.