• 27/05/2024 23:43

Canada's Treasury presented a $1.6 billion budget for Ukraine

Funding is planned for 5 years and provides for the provision of lethal and non-lethal weapons.

Canada's Treasury presented a $1.6 billion budget for Ukraine

Chrystia Freeland

Finance Minister Chrystia Freeland presented for consideration parliament, the country's federal budget for 2024, which contains an article on assistance to Ukraine.

As CP24 writes, Canada intends to achieve a target of 1.76% of GDP allocated to defense by 2030 (according to NATO recommendations , this figure should reach 2% of GDP – ed.) To achieve this, over the next 5 years the armed forces will receive funding in the amount of $8.1 billion, and by 2044 the total investment in defense capabilities will reach 73 billion.

The budget provides that Ukraine will receive $1.6 billion over a five-year period. This money will be used to provide lethal and non-lethal weapons, Canada will spend another 350 million to overcome global humanitarian crises.

  • Canada is ready. support the idea of ​​creating a $100 billion NATO fund to finance Ukraine.
  • On April 10, the Verkhovna Rada ratified the updated Free Trade Agreement with Canada.

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