DM/CDS Message: Government Announces Major Increase in Defence Spending | Message from the DM/CDS: Government Announces Major Increase in Defence Spending
Today, Prime Minister Mark Carney announced that the Government is reinvesting to rebuild and rearm the Canadian Armed Forces (CAF), making the largest generational investment in Canada's military spending.
We will make foundational investments, expand and enhance existing and emerging military capabilities, strengthen Canada's relationship with the defence industry, and diversify our defence partnerships. This is an investment in the defence of Canada and Canadians that is essential to maintaining the country's prosperity and ability to lead on the world stage.
Today's announcement supports much of the strategic vision outlined in the Our North, Strong and Free policy and the North American Aerospace Defense Command modernization initiative. We now have more funding to move these projects forward more quickly and provide the CAF with the necessary equipment.
This funding will also help strengthen Canada's economy by creating jobs and strengthening defence supply chains. We will also build a strategic relationship with the Canadian defence industry that will benefit the Canadian economy. We will continue to lay a strong foundation for the future, strengthening Canada's self-reliance and moving forward at the same pace as our allies and adversaries.
We are confident that through this plan, we are providing the CAF with the foundation to be agile, multi-purpose, and combat-ready armed forces, prepared to protect Canada's sovereignty, defend North America, and contribute to the security of allies and partners today and tomorrow.
Thank you all for your continued dedication to protecting Canada.