diff --git a/Cargo.lock b/Cargo.lock
index ef1f9404e9..5099dad311 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1470,9 +1470,9 @@ dependencies = [
 
 [[package]]
 name = "lazy_static"
-version = "1.4.0"
+version = "1.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e2abad23fbc42b3700f2f279844dc832adb2b2eb069b2df918f455c4e18cc646"
+checksum = "bbd2bcb4c963f2ddae06a2efc7e9f3591312473c50c6685e1f298068316e66fe"
 
 [[package]]
 name = "leo-abnf"
diff --git a/Cargo.toml b/Cargo.toml
index 689ec0f93e..01c739450d 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -124,7 +124,7 @@ version = "1.9"
 features = [ "serde" ]
 
 [dependencies.lazy_static]
-version = "1.4.0"
+version = "1.5.0"
 
 [dependencies.rand]
 version = "0.8"
diff --git a/compiler/parser/Cargo.toml b/compiler/parser/Cargo.toml
index b539229d0d..c616ade9aa 100644
--- a/compiler/parser/Cargo.toml
+++ b/compiler/parser/Cargo.toml
@@ -41,7 +41,7 @@ features = [ "derive" ]
 version = "1.9"
 
 [dependencies.lazy_static]
-version = "1.3.0"
+version = "1.5.0"
 
 [dependencies.serde]
 version = "1.0"
diff --git a/leo/package/Cargo.toml b/leo/package/Cargo.toml
index ed2c7a6299..e1528df21b 100644
--- a/leo/package/Cargo.toml
+++ b/leo/package/Cargo.toml
@@ -60,7 +60,7 @@ version = "0.8"
 version = "0.1"
 
 [dev-dependencies.lazy_static]
-version = "1.3.0"
+version = "1.5.0"
 
 [dev-dependencies.snarkvm]
 workspace = true