'Important for Canada to react': Finance Minister Chrystia Freeland defends increased defence spending

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'Important for Canada to react': Finance Minister Chrystia Freeland defends increased defence spending — via financialpost Economy Canada

“It’s important for Canada to react,” Freeland said at an event in Montreal on April 11, and then went on to describe Vladimir Putin as the “world’s greatest threat” and his invasion of Ukraine as “a war for the entire democratic world.”

Freeland set aside $8 billion over five years for defence, one of the bigger line items in the budget. Combined with previously announced initiatives, Canada’s military spending is now set to double between 2016 and 2026, led by a new $6-billion contribution to the Canadian Armed Forces last week.

“Recent events require the government to reassess Canada’s role, priorities, and needs in the face of a changing world,” the 2022 budget said.growing cybersecurity risks ; and about $100 million to overhaul the military justice system and take other steps related to the “culture change” that Defence Minister Anita Anand promised last year when she apologized to soldiers who had been victims of sexual assault and harassment.

Still, some were disappointed by the increase, as it lifted Canada’s security budget only to 1.5 per cent of gross domestic product, short of the NATO target of two per cent of GDP. Freeland indicated that more money could be coming, but not before the government takes time to think through the defence apparatus that’s needed in a world in which autocratic countries such as China and Russia appear set to reshape the world order.

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financialpost She did not increase it enough. Instead she is spending billion pretending they know what they are doing on housing. It will all go to Liberals and Liberal friendly companies. No one will get a house cheaper, last time in 2017 when they said same, since then costs have double

financialpost Too little too late! Canada is an embarrassment to its NATO allies.

financialpost It’s peanuts. The increase is less than a tenth of the increase we would need to hit our 2% NATO target.

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Source: CP24 - 🏆 30. / 67 Read more »