OTTAWA — Canada is not about to meet its NATO defense spending commitments anytime soon, a long-awaited major defense policy update revealed on Monday.
In 2023 at NATO’s Vilnius summit, Canada committed alongside its allies to spend 2 percent of GDP on defense, but Ottawa’s most recent projections have its defense spend-to-GDP ratio hit 1.76 percent in 2029-30, at a ballpark of C$57.8 billion.
R&I – relegated to old news (4/9). – TP
Anothermike
Article URL : https://www.politico.com/news/2024/04/09/canada-nato-2030-penalty-00151064