Ministry of Defence written question – answered at on 21 May 2024.
Ben Wallace
Conservative, Wyre and Preston North
To ask the Secretary of State for Defence, pursuant to the Answer of 10 May 2024 to Question 24424 on Armed Forces: Defence Equipment, for what reason his Department has linked the annual budget cycle in 2024 to the announcement for future funding in the 2025-26 financial year, in the context of the annual budget cycle being for in-year spending adjustments.
James Cartlidge
The Minister of State, Ministry of Defence
The Department runs an Annual Budget Cycle (ABC) every year. However, this is not solely for in year spending adjustments, it is a financial planning exercise to review the Department's ten-year forecast.
The most recent ABC conducted in 2023 reviewed the ten-year forecast from 2023-24 to 2032-33 and the current ABC process underway is reviewing the ten-year forecast from 2024-25 to 2033-34. This will reflect the recent announcement of our planned trajectory to spend 2.5% of GDP on defence.
Yes4 people think so
No1 person thinks not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
