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 today on the fiscal implications of meeting the NATO target, which stipulates that member states spend two per cent of their GDP on defence.

PBO says previous military-spending estimate was based on recession projection. Must double spending to $81.9B.{ai:summary}<p>The parliamentary budget officer reports that Canada must nearly double its defense spending to $81.9 billion by 2032 to meet NATO's target of 2% of GDP. This conclusion is based on the fiscal implications outlined in a recent report.</p><p>#military</p>

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

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