Canada’s 2026 federal budget boosts defence spending, proposes $73B in cuts
From Global News.
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Canada’s 2026 federal budget lays out how Ottawa plans to meet higher NATO targets, with defence spending rising from $75.1 billion this year to nearly $100 billion annually by 2030-31.
Defence has overtaken Old Age Security as the largest spending item in the federal budget.
The Liberals propose $73 billion in program cuts over five years to help fund the increase with few details on which programs would be affected.
Ottawa projects annual deficits of $52.9 billion to $62.3 billion over the next five years.
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Defence has overtaken Old Age Security as the largest spending item in the federal budget.
The Liberals propose $73 billion in program cuts over five years to help fund the increase with few details on which programs would be affected.
Ottawa projects annual deficits of $52.9 billion to $62.3 billion over the next five years.
For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en
#GlobalNews
