Plans Call For 5 Percent Cut In Defense Spending By 2015
April 02 2012
The Canadian government has decided to reduce defense spending through 2015 by about 5 percent, reports the Globe and Mail (Toronto).
In addition to cutting US$1.1 billion, the government will postpone about US$3.5 billion in planned equipment purchases for seven years.
A US$327 million reduction is expected for the coming year, with cuts rising in subsequent years, set to reach US$1.1 billion by 2014-2015.
The reductions amount to about a 10 percent cut from planned...
Please log in to continue reading.
Not yet a subscriber? Take a free trial.
Military Periscope gives you easy-to-use, integrated, open-source intelligence on…
- More than 7,500 weapons systems and platforms
- Nearly every country's armed forces
- Militant organizations
Try Military Periscope free for seven days
Your online source for military news, weapons, and nation's armed forces worldwide
Military Periscope FEDLINK information
Service ID: UC Contract Number: LCFDL19D0065
Military Periscope is a product of GovExec.
600 New Hampshire Ave., Suite 510,
Washington DC, 20037, USA.
(+1) 202-450-3967
©Military Periscope 2022
All rights reserved. Redistribution of the content is prohibited without prior consent of Military Periscope.