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Budget Raises Questions About Defence Spending Targets After 2030

Ottawa projects defence spending through 2030 but leaves a funding gap for the higher NATO target, which would require tens of billions more each year.

  • The federal budget released Thursday left unanswered a major accounting question regarding Canada's plans to meet its 2035 NATO spending commitments, charting a spending path only through 2030.
  • When NATO nations met in The Hague last year, they agreed to increase defense spending targets to 5 per cent of GDP by 2035, and the alliance has faced sustained pressure from President Donald Trump to hike spending.
  • Parliamentary budget officer Annette Ryan estimates core defense spending must hit $163.6 billion by 2035 to reach the 3.5 per cent target, yet the budget sets aside no funding for submarines or advanced radar aircraft.
  • Finance Minister Fran-Philippe Champagne argued Ottawa offers more transparency than other members, with the budget allocating $7.6 billion for Latvia, $2.3 billion for the Defence Drone Initiative, and $25 million for CFB Wainwright fire support.
  • NATO plans to review its 2035 targets by 2030, after President Trump leaves office; Prime Minister Mark Carney noted that publishing a full long-term plan would be "outdated quickly" given rapidly changing modern warfare.
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32 Articles

The Toronto StarThe Toronto Star
+29 Reposted by 29 other sources
Lean Left

Budget raises questions about defence spending targets after 2030

OTTAWA - The Liberal government's new budget leaves unanswered a major accounting question about Ottawa's plans to meet its 2035 NATO defence spending commitments.

·Toronto, Canada
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Investing News Network broke the news on Thursday, November 5, 2026.
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