US EditionBudget officer says he expects ramped-up defence spending to deepen deficit
- Mark Carney announced a plan on June 9 to increase Canada's defense spending to two percent of GDP, marking a major shift in policy related to NATO commitments.
- This strategy represents a change in how Canadians view military spending, seeing it as a source of economic renewal rather than just a necessary cost.
- Carney's vision aims to integrate military spending into national economic planning, emphasizing protection and resilience for Canadians.
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The Parliamentary Budget Officer expects the federal government's deficit to swell this year as defence spending increases.
·Montreal, Canada
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Budget officer says he expects ramped-up defence spending to deepen deficit
OTTAWA — The parliamentary budget officer said Thursday he expects the federal government's deficit will balloon this year thanks to ramped-up defence spending — but without a spring budget or more clarity from Ottawa, he can't say for sure.
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Leaning Left5Leaning Right2Center1Last UpdatedBias Distribution63% Left
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63% Left
L 63%
13%
R 25%
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