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Friday, March 27, 2015

PBO Says CAF Unaffordable with current model

The Parliamentary Budget Officer has opened his report about the funding of the Canadian Armed Forces, and his findings are what many expected - that the current size, acquisition planning, and active engagements - The Canadian Armed Forces are unaffordable with the current budget and budget planning.

The current budget stands at $21.5 billion (1.1% of GDP) the PBO says to maintain the current size, including troops, planes, tanks, ships, and purchase planning, the budget needs to me at least 1.6% of the GDP, which would mean an increase of $3 billion annually. NATO pushes its member states to spend at least 2% of GDP on defence.

To read the original article and more breakdowns, please see the link below:
PBO: CAF Unaffordable