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Defence: Expenditure

Asked by Helen MaguireLiberal DemocratMinistry of DefenceTabled Answered 12 November 2024UIN 12619

The question

To ask the Secretary of State for Defence, if his Department will make an estimate of planned defence spending in the next two years as a share of GDP using NATO's definition of defence expenditure.

Answered by Maria Eagle

Based on the OBR's latest GDP projections, defence spending is currently expected to be 2.29% of GDP in financial year (FY) 2024-25 and 2.30% in 2025-26. Future FYs' figures are subject to the outcome of the second phase of the Spending Review.

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