NATO Targets Defence Spending

This is a Canada news story, published by Global News, that relates primarily to NATO news.

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US Politics

What is NATO’s new 5% defence spending pledge, and how will Canada meet it? - National | Globalnews.ca

Summary

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73% Informative

NATO leaders pledge to spend at least 3.5 per cent of GDP on defence spending by 2035 .

Canada has long lagged behind the previous two per cent NATO target.

The new spending pledge is split into two categories: “core defence requirements” and broader defence-related infrastructure and industry.

Much of that money will go toward pay increases for Canadian Armed Forces members and enhancing existing military bases and equipment, while shoring up the domestic defence industrial base.

Carney estimated to CNN that five per cent of Canada ’s GDP currently equates to $150 billion annually .

Carney said international defence partnerships like the one Canada signed this week with the European Union , as well as the one being negotiated with the United States .

Carney also noted that as the nature of warfare changes, with threat actors turning to cyberwarfare and pilotless technologies like drones, Canada will pivot toward those priorities as well.

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semi-formal

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English

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not hateful