Ukraine: Overseas Loans
The question
To ask the Chancellor of the Exchequer, whether the £2.26bn loan for Ukraine will be included in the GDP figure for defence expenditure.
Answered by Darren Jones
The UK’s contribution to the ERA will be provided to the Government of Ukraine as a loan from the UK Government, for them to spend on military procurement. Because it is not direct UK defence spending, HMG’s assessment is the £2.26bn ERA loan will therefore not count as NATO qualifying UK defence spending.
It will be in addition to current NATO qualifying UK defence spending.
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