Canada Defence and Security Report 2015
BMI View: Annual spending the military is slated to shrink in 2015 and 2016. However, the governmenthas announced proposal for a sustained annual budget growth of three percent beginning in 2017. This newfunding coupled with a backlog of well advance planned procurement programs and decisions on thedirection for the CF-18 fighter and several air and naval modernizations will result in a number of majorprocurement actions moving forward likely beginning in 2016 and continued growth thereafter.
Despite commitments by the current government to increase defense spending, annual spending on themilitary, when compared with 2011, is slated to shrink by a total of CAD2.7-bn in 2015, Although offeringa defense budget and announced target for the country to be spending 1.7 per cent of GDP actual spendinghas been subject to its share of cuts as the government has sought to balance its budget. The result has beento disrupt and delay a number of defense system acquisition programs that had been viewed as critical in thecounty's overall defense strategy. Those impacted have included maritime protection, force deployment andmodernization.
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