Budget 2024 reveals that Justin Trudeau’s Liberal government is serious about increasing spending on defence. This is good news. The bad news is that almost all of our allies are spending more.Future governments will decide how much they want to spend on defence 10 or 20 years from now. What matters is the here-and-now., defence spending on a cash basis will rise from $33.8-billion in this fiscal year to $44.2-billion next year . That’s a $10.4-billion increase in one year.
Third, there will be a federal election in October of next year, if not before. Polls suggest that Conservative Leader Pierre Poilievre may be the one making longer-term decisions on defence spending. The budget doesn’t offer line-item commitments on where exactly the money is to go, but it does highlight the two most important priorities. The first priority is the North American Aerospace Defence Command. Canada and the United States have embarked on a generational upgrade of NORAD’s air and space defences.
The second commitment is to upgrade Canada’s battle group in Latvia to brigade level, with 2,200 well-equipped troops ready to deter Russian aggression in Europe. Most defence analysts would agree these are the right priorities.
Politics Canadian Politics Canada Noastack
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: DailyFaceoff - 🏆 25. / 68 Read more »
Source: storeyspub - 🏆 16. / 74 Read more »
Source: DurhamRadioNews - 🏆 70. / 51 Read more »
Source: CTVToronto - 🏆 9. / 84 Read more »
Source: CTVToronto - 🏆 9. / 84 Read more »