Canada plans major defense spending boost
Canada, under pressure from the US to boost military spending, said on Wednesday (June 7) it plans to increase our defense budget by 73% over the next decade!
Defense Minister Harjit Sajjan said the overall budget would jump to C$32.7 billion ($24.2 billion) in 2026/27 from C$18.9 billion in 2016/17. Sajjan was unveiling a 20-year defense policy.
Sajjan said the policy would result in “a Canada that is strong at home, secure in North America and engaged in the world.”
Sajjan said Canada wants to purchase 88 advanced fighter jets to replace its aging fleet of 77 CF-18 planes. The estimated cost is between C$15 billion to C$19 billion.
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