Defence: Expenditure
(asked on 3rd March 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the Overseas Development Assistance budget will remain the only funding source for the increase in defence spending throughout this Parliament.
This question was answered on 11th March 2025
On 25 February 2025 the Prime Minister announced that NATO qualifying defence spending will increase to 2.5% GDP by 2027-28, with Official Development Assistance reducing from 0.5% GNI to 0.3% GNI by the same time point, meaning the uplift is fully funded and that additional funding will be sourced by a reduction in ODA. The final budgets for departments will be announced when the Spending Review concludes on 11 June 2025