Canadian military spending is projected to decrease in absolute terms for the rest of Trudeau's third term, making Canada the only G7 country to do so. Despite calls for increased funding, the budgetary projections show a decline in military spending over the next few years.
Just as the Liberal government’s fiscal update confirms that they will be staying the course on high spending backed by high deficits, they’re making a notable exception when it comes to the perennially underfunded Canadian Armed Forces. According to the latest budgetary projections , Canadian military spending is set to fall in absolute terms for at least the rest of Trudeau ’s third term – the only G7 country to do so. For the current fiscal year, Canada is set to spend $26.
93 billion on its military. For the 2024/2025 fiscal year, that will drop to $25.73 billion, and then drop again to C$25.33 billion by 2026. These cuts are all in spite of increasingly desperate calls by the minister of defence and the military’s own internal reports that the Canadian Armed Forces may soon struggle to fulfill even basic task
Canada Military Spending Fiscal Update Trudeau Deficits Budgetary Projections
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