Canada will need “substantial and sustained” defence spending increases to meet its NATO obligations by 2035, a new report from the Parliamentary Budget Office (PBO) states.
The Liberal government has not yet revealed how it intends to reach the target of spending five per cent of GDP on defence within the next decade — a significant jump that would see core defence spending increase from $95.7 billion in 2030 to $163.7 billion in 2035-36.
