Prime Minister Mark Carney says Canada and its NATO allies have agreed to substantially hike their defence spending target to five per cent of annual GDP by 2035.
So 5% seems like a lot… but we have definitely been under spending for awhile and could use some catch up, and 1.5% of that is earmarked for infrastructure, so maybe we’ll at least get something useful to everyone and not just the military out of that extra 1.5%. Like a port doesn’t necessarily have to be a military port, but the infrastructure could be used by the military if needed. Unless they really mean that has to be a military port, in which case, meh.
Long term though that seems a bit bonkers.
Edit: also were going to need to spend a lot of money on arctic stuff as global warming proceeds, at least in the mid-term. I bet a lot of it will go into that.
Exactly, and for now there’s some reason to give Carney the benefit of the doubt that a good chunk would be spent domestically. I’m still skeptical but I gave some hope that’s how it’ll turn out.
So 5% seems like a lot… but we have definitely been under spending for awhile and could use some catch up, and 1.5% of that is earmarked for infrastructure, so maybe we’ll at least get something useful to everyone and not just the military out of that extra 1.5%. Like a port doesn’t necessarily have to be a military port, but the infrastructure could be used by the military if needed. Unless they really mean that has to be a military port, in which case, meh.
Long term though that seems a bit bonkers.
Edit: also were going to need to spend a lot of money on arctic stuff as global warming proceeds, at least in the mid-term. I bet a lot of it will go into that.
Exactly, and for now there’s some reason to give Carney the benefit of the doubt that a good chunk would be spent domestically. I’m still skeptical but I gave some hope that’s how it’ll turn out.
Ya, like maybe let’s build some ammo manufacturing capacity (as an example) instead of just buying it all out of country.