Defence Equipment: Finance

(asked on 13th March 2024) - View Source

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, what recent assessment he has made of the financial viability of his Department’s equipment programme.


Answered by
James Cartlidge Portrait
James Cartlidge
Minister of State (Ministry of Defence)
This question was answered on 21st March 2024

On 4 December 2023, The Permanent Secretary provided an update on the affordability of the Equipment Plan for 2023-33 to the Chair of the Public Accounts Committee. This can be found on gov.uk at:

https://assets.publishing.service.gov.uk/media/65a16ef469fbd3001325c067/PUS_to_PAC_Equipment_Plan_23-33_Corrected.pdf

We are working hard to deliver the equipment our service people need to keep the UK safe. We have therefore increased the budget for the Equipment Plan to £288.6 billion over the next decade, noting the Government's aspiration to increase defence spending to 2.5% of GDP when economic and fiscal conditions allow.

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