Economic Downturn Affects Canadian Modernization Plan

November 4, 2008 by Dagpotter · Comment
Filed under: Canada, Restructuring, production program 

The Canadian Press has an article describing the fear among the Canadian military that the recent worldwide economic downturn, call it a recession, will affect funding for their modernization. The Canadian forces have deployed to Afghanistan for years and have been slowly upgrading their equipment based on needs. While small the military has for years been starved of funds and had to make do with older equipment - this has been especially true of the ground forces. Now when it seemed some progress would be made to get them newer, modern equipment funding might be cut due to declining tax revenue and other pressures on government funding.