# Feds Need $164 Billion by 2035 for NATO Target

> Parliamentary Budget Officer warns Canada's defense spending plan lacks detail to meet NATO target.
- Title: Feds Need $164 Billion by 2035 for NATO Target · Nationalpost
- Summary: Parliamentary Budget Officer warns Canada's defense spending plan lacks detail to meet NATO target. Canada must spend $163.6 billion on core defense by 2035…
- Keywords: parliamentary budget office, nato spending target, core defense spending, federal government, defence spending, canada, parliament hill, ottawa, news, politics, Feds, Need
- Source: Nationalpost — https://nationalpost.com/news/ottawas-budget-watchdog-says-feds-need-to-spend-164-billion-by-2035-to-reach-nato-target
- Read time: 1 min
- Topics: parliamentary budget office, nato spending target, core defense spending, federal government, defence spending, canada, parliament hill, ottawa, news, politics
## NATO Spending Target
The federal government must spend $163.6 billion on core defense by 2035 to meet NATO's spending pledge.
## Current Spending Commitment
Canada recently achieved its two per cent defense spending target, first promised in 2014.
## Government's Plan
Prime Minister Mark Carney said Canada will reach four per cent defense spending by 2030-31, requiring core defense spending to rise to 2.5 per cent.
## PBO Report Findings
The Parliamentary Budget Office report states Canada's defense spending plan remains in formation with key details missing.
## Accounting Difference
The cash and accrual accounting difference could be 30 percent higher than recorded in deficits for defense spending.
## Next Steps
Finance Minister François-Philippe Champagne will provide more details on defense spending plans without a timeline.
## Key takeaway

Canada must spend $163.6 billion on core defense by 2035 to meet NATO's spending pledge, but government plans remain in formation with key details missing.