Mr. Yves Giroux at the Government Operations and Estimates Committee

On June 21st, 2022. See this statement in context.

June 21st, 2022 / 4:30 p.m.

Parliamentary Budget Officer, Office of the Parliamentary Budget Officer

The impact of inflation is twofold.

On the one hand it reduces the real impact of the amounts that the government is budgeting for national defence, so it reduces the purchasing power of the amounts that are established by the government to DND. On the other hand, inflation increases the GDP so it makes it more difficult for the government to reach the 2% target under NATO. It has a double impact in that sense.

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