The fall in the growth rate of the defense budget during the forecast period is due to budget cuts announced by the government to reduce its fiscal deficit.

As a result, the defense budget is expected to decrease to 1.0% of gross domestic product (GDP) by 2015, compared to the increase from 1.1% to 1.3% witnessed over the review period.

Nevertheless, Canadian defense expenditure is mainly driven by the modernization of its armed forces, which is outlined in the Canada Defense First Strategy (CFDS, the country's participation in various peacekeeping missions around the world, and the need to ensure the sovereignty of the Arctic region, which has become vulnerable to foreign intrusions due to climate change and speculation surrounding oil reserves in the area.

del.icio.us	Digg	Reddit
YahooMyWeb	Google	Facebook

Biden, Putin discuss trade, missile defense Sea-Based Missile Defense Flight Test Results In Successful Intercept Netanyahu thanks Obama for 'Dome' missile funding Aegis BMD System Engages Intermediate Range Ballistic Missile For First Time U.S. Army Awards Raytheon $173 Million Contract for Excalibur LockMart Tests JAGM Tri-Mode Seeker On Sabreliner Pakistan tests latest defensive missile MBDA Demos VL Mica Proficiency Against Stand-Off Weapons LockMart Tactical Reconn Radar Completes UAV Test Flights US carries out first drone strike in Libya: Pentagon US drone attack kills six militants in Pakistan US mulling drones for Pakistan despite tensions Lockheed Martin Demonstrates Integration of MONAX Communications System with Air Force Base Network Preparations Underway As US Army Gears Up For Large-Scale Network Evaluations Global Military Communications Market In 2010 Raytheon BBN Technologies To Protect Internet Comms For Military Abroad RAF Typhoon Project 'Under Control And Back On Track' Northrop Grumman T-38 Talon Honored For 50 Years Of Service New Warhead Reduces Size Of Raytheon Small Tactical Munition Australian military abuse could lead to payouts Canadian Defense Budget To Reach Twenty Billion By 2015 Seoul: No barter deal for T-50 jet trainer EADS offer for Vector valid until May 26 Mideast: Western arms sales under scrutiny Defiant China church vows to hold Easter service Japan seeks stronger military ties with US: report Australia pushes defence ties with Japan Pope has no answers for Japanese girl on disaster MLD Test Moves Navy A Step Closer To Lasers For Ship Self-Defense US Navy And Northrop Grumman Accomplish Goals For At-Sea Demonstration Of Maritime Laser Scientists Build World's First Anti-Laser Yale scientists build 'anti-laser'