It depends upon what the government's debt to GDP % and how well they can manoeuvre around that. Also whether or not they have room to be able to increase the government income by such measures as increasing the tax take and what not. Time will tell and like many governments around the world there will be reappraisals of budget priorities.Canada’s finance minister is giving an updated statement on Canada’s COVID costs today. The deficit is predicted to be around $300 billion for this year, ten times the usual appalling annual $30 billion. I guess we need a new word for this year’s deficit. Does anybody doubt there will be huge defence cuts including delays and actual cancellations? Apparently the budget will take care of itself....junior said so!
www.google.ca
ottawacitizen.com
ottawacitizen.com
Sorry to Canada sincerely but on a lighter note ADF will be posting job opportunities day after such happensAccording to this article the new CDS for the Canadian military will likely see defence cut suggestions as the main path towards getting the post. Dark days ahead for the CAF. I expect the RCAF to take the biggest hit.
Analysis: New defence chief's main job could be to preside over budget cuts
Candidates have been interviewed for the country’s top military position but whoever is selected will likely have the tough job of presiding over significant cuts t…
Indeed, the expression our loss your gain comes to mind. The ADF have former CAF members who can no doubt hype the benefits of serving “down under” to potential candidates.Sorry to Canada sincerely but on a lighter note ADF will be posting job opportunities day after such happens
I wouldn't be too cocky if I were you. The same could be in store for Australia: Australia Deficit Blows Out to $132 Billion, Jobless Peak 9.25%Sorry to Canada sincerely but on a lighter note ADF will be posting job opportunities day after such happens
Junior’s deficit is $300 billion plus and our dollar is a couple of cents more wrt the USD. Australia would seem to have more financial wiggle room. I wonder how their state government deficits compare with our provinces?
I didn't mean to sound flippant, but all Western countries are facing huge Covid-19 deficits, and I think it is inevitable that the politicians will look at their largest "discretionary" budgets for some savings. Even Australia.
And yet, at the moment, the Australian government is bringing forward Defence related expenditure to help economic recovery by increasing employment. The opposition has so far approved.
Yep but Australia is increasing its defence expenditure in real terms will continue to do so. It has a different attitude towards defence than that of Canada or New Zealand.
Like I said, Australia seems to have a little more wiggle room financially. Can’t be certain but I have the impression from articles I have read that Australia has a better domestic defence industry (i.e Australian owned) hence a superior economic stimulus. Would be interested in any info regarding state deficits. Our provinces are all posting some ugly projections on their deficits. WRT interest rates, any significant increases would put most Western economies into cardiac shock.
True but that is only one factor in what is a very complicated economic situation that even on a broad view has dozens of data points and in depth hundreds. In broad terms Australia has a lot more room then most western nations when you take into account debt to GDP with with Australia almost half that of Canada. It's why the CoA is willing to increase defence spending upwards of 40% from original projections over the coming decade, to fast track civil projects and even outside of government got private and listed companies announcing large investments in Australia. Economically speaking Australia has double the growth room statistically then most of the advanced world economies.
We're also in the midst of an extremely acrimonious back and forth with China, which has served to get even the less engaged civvy to be more enthusiastic about national defence.
I would like to believe that is true but past Liberal cuts leave me with zero confidence. I trust Sajjan will resign when junior eventually announces significant cuts.
Sajjan and Thomas can say what they think junior promised. If junior perceives the need to get funds for some program that gives him an electoral advantage he won’t hesitate to take it from defence. Opposition parties can jump up and down but let’s face it, the public is more interested in stuff that they want (handouts, new social programs etc.). At the very least, fewer CSCs or fast jets. Hopefully not fewer of both.O yee of little faith.
The fact that they publicly made this announcement tells me that they have every intention of at least trying to stay the course. If they fail to do so they will get slammed by the opposition parties, and they know this, so if they had no intention of honoring this pledge, they would have been better off simply staying silent on the matter. I also found a similar pronouncement from the deputy Minister of Defence Jody Thomas: ‘Zero indication’ military spending will be cut amid COVID-19, defence official says