Military spending will represent more than two -thirds of the capital invested by the federal government by 2030. The increase is so dazzling that it forces the parliamentary budget director (DPB) to review his methodology is approaching.
Capital spending projections provide for investments up to $ 128 billion spread over five years.
From this amount, a huge $ 83 billion will be dedicated exclusively to national defense. This will be translated in particular by tank, ships, weapons, dromes and other types of equipment.
In 2030, the DPB planned that the government’s capital expenses for the Defense reach $ 21.1 billion. For the rest of capital investments, Ottawa will have to book $ 9.7 billion.
This is a conservative estimate: the calculations are made according to the former commitment of the Liberal government to reach the target of 2 % of the budget in military expenditure.
The target is now 5 % by 2035, as announced by Prime Minister Mark Carney at the NATO summit in The Hague at the end of June, in accordance with the 31 to the member countries of the Alliance.
Much of this increase will be dedicated to the massive increase in the remuneration of members of the Canadian Armed Forces (FAC), a fact that does not fall into the calculation of capital expenses.
The target of 5 % is divided into two components: 3.5 % in military capacity proper, will include, among other things, the modernization of equipment and military technologies, then 1.5 % in infrastructure projects such as new airports, ports and telecommunications networks.
