Defence: Expenditure

Ministry of Defence written question – answered at on 14 May 2024.

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Photo of The Marquess of Lothian The Marquess of Lothian Conservative

To ask His Majesty's Government whether the Prime Minister’s announcement on 23 April of an increase in defence spending to a new baseline of 2.5 per cent GDP by 2030 differs from the pledge to increase defence spending to 2.5 per cent by 2030 given by the former Prime Minister, Boris Johnson, at the NATO summit in Madrid in June 2022; and whether a spending review will be required.

Photo of The Earl of Minto The Earl of Minto The Minister of State, Ministry of Defence

The Prime Minister's announcement is for a fully funded commitment to reach 2.5% of GDP in financial year (FY)2030-31. It is supported by a commitment not to increase borrowing or debt.

The current spending review period concludes at the end of FY2024-25, and a future Spending Review will formalise spending plans for the following period.

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