Defence Spending

Canada should prioritize domestic needs over NATO spending

By: Phone Min Thant, Arts & Culture Editor On June 25, fresh from the North Atlantic Treaty Organization (NATO) Summit, Prime Minister Mark Carney announced that Canada would fulfill its commitments to the alliance’s new defence budget of 5% of annual national GDP by 2035. This was more than double the increase from the previous commitment of 2%, a target set in 2014. Canada’s defence spending has since reached 1.45%, and is expected to increase. Carney commented that the increased spending will be allocated to acquiring new equipment, diversifying Canada’s alliances, and improving pay for Canadian soldiers. Remarks by Carney…

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