Public Expenditure
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 3 March 2025 to Question 31991 on Public Expenditure, what the proportional target for savings and efficiencies is the 2024-25 financial year is; what the baseline year is for the five per cent target; and whether the five per cent target is before the previous two per cent reduction.
Answered by Darren Jones
This Government launched a Spending Review last year which is taking place in two phases.
Phase 1 of that review concluded last October with departments expected to identify savings and efficiencies of 2% for 2025-26.
Phase 2 of the review will conclude this June. As part of this the Chancellor of the Exchequer has set all departments targets of identifying at least 5% savings and efficiencies by 2028-29, using 2025-26 budgets as the baseline.
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