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VisitKelly Craft Urges Canada to Nearly Double Military Spending to Meet NATO 2% GDP Commitment by 2032
Nov 3, 2024, 12:06 PM
According to the federal budget watchdog, Canada must nearly double its military spending to meet its NATO commitment of 2% of GDP by 2032. Currently, Canada is one of the few NATO allies that does not meet this threshold. Kelly Craft, the former U.S. ambassador to Canada under Donald Trump, emphasized the urgency of increasing defense spending, stating that the timeline of 2032 is insufficient. She urged the Canadian government to accelerate its defense expenditures to better align with NATO expectations.
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Markets
Yes • 50%
No • 50%
Canadian federal budget announcements and official government statements.
No • 50%
Yes • 50%
Official Canadian government defense spending reports and NATO assessments.
No • 50%
Yes • 50%
Official NATO press releases and statements.
1.5% - 1.7% • 25%
1.0% - 1.4% • 25%
Above 2.0% • 25%
1.8% - 2.0% • 25%
Canadian government budget reports and defense spending records.
Conservative Party • 25%
Liberal Party • 25%
Other • 25%
New Democratic Party • 25%
Official Canadian federal budget proposals and party announcements.
2028 or later • 25%
2027 • 25%
2026 • 25%
2025 • 25%
Canadian government defense spending reports and NATO assessments.