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41.5 billion
Canada's estimated total defense spending in 2023-2024. For this financial year, this level of spending would be 1.46% of gross domestic product (GDP), up from 1.38% of GDP in 2022-23. Ottawa has allocated $26.5 billion to the Department of Defense budget for 2023-2024, but other spending (particularly that for veterans and the Coast Guard) is included in NATO's calculation.
Source: Parliamentary Budget Officer
15.5 billion
This is the estimated shortfall for fiscal year 2023-2024 for Canada's defense spending to reach 2% of its nominal GDP.
Source: Parliamentary Budget Officer
76,700
PHOTO VICTOR CALZADA, ASSOCIATED PRESS ARCHIVES
Personnel make up about 40% of defense spending.
According to NATO, this is the total strength of Canada's defense in 2023, for a population of about 40 million people, or 1.9 soldiers per 1,000 inhabitants. For comparison: Romania could count on a workforce of 81,300 people last year (4 soldiers per 1,000 inhabitants), France with 207,300 people (3 soldiers per 1,000 inhabitants) and the United States with 1,346,400 (4 soldiers per 1,000 inhabitants).
Source: NATO
+ 67%
From 2014 to 2021, Canada's defense spending increased by 67%, from around $20 billion to over $35 billion. However, due to the growth of the Canadian economy over the same period, the amounts paid out by Canada as a percentage of GDP increased by approximately 40%, from 1.0% of GDP in 2014 to 1.4% of GDP in 2021.
Source: Parliamentary Budget Officer
74 billion
PHOTO LIZ LUTZ, PROVIDED BY LOCKHEED MARTIN
The Canadian Air Force's 88 F-35 aircraft will cost $74 billion.
Costs for the fleet of 88 F-35 aircraft over 45 years, including equipment and related materials, maintenance services and the establishment of a training program. This acquisition represents an average expense of 1.64 billion per year.
Source: Parliamentary Budget Officer
77 billion
PHOTO FROM WIKIPEDIA
HMCS Calgary, a Royal Canadian Navy frigate
Bill for the Royal Canadian Navy's 15 future frigates. The first ship will not arrive until 2030. In 2008, the original budget was set at 26.2 billion unindexed dollars.
Source: Parliamentary Budget Officer
60 billionS
According to the Ottawa Citizen, the Royal Canadian Navy is putting pressure on the government to acquire 12 new submarines.