Canada downplays cost of meeting NATO spending mark as $60-billion projection will need to rise

In 2025, the figures NATO uses to calculate members' GDP will no longer be based on the 2015 numbers it uses now, but would instead use 2020 as the base year, leaving Canada about $3.5-billion short of its 2032 target.

Defence Minister Bill Blair says that it is possible that Canada's GDP will rise, which would force Canada to spend more on defence for it to reach the two per cent mark it promised NATO it would hit.The Hill Times photograph by Andrew Meade

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BY NEIL MOSS

July 26, 2024

Although the Liberal government has placed an annual price tag of $60-billion on its commitment to spend two per cent of Canada's GDP on defence by 2032, unless a boost is on the way, it will still likely fall short when the goalposts funds needed to reach the NATO-sanctione...

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