Federal government would have to double military spending to meet NATO target: PBO

People attend the Canadian Association of Defence and Security Industries annual defence industry trade show CANSEC in Ottawa on Thursday, May 30, 2024. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA - The parliamentary budget officer says if the federal government wants to meet NATO's military spending target by 2032 as promised, it will have to almost double defence spending to $81.9 billion.

The budget watchdog made that conclusion in a report published Wednesday on the fiscal implications of meeting the NATO target, which stipulates that member states spend two per cent of their GDP on defence.

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