Defence: Finance
The question
To ask the Chancellor of the Exchequer, what percentage of GDP will be spent on the MOD budget in the financial year that NATO declared defence spending will increase to 3 per cent of GDP.
Answered by James Murray
We are set to spend 2.6 percent of GDP on defence spending in 2027, with an ambition to spend 3 percent of GDP on defence next Parliament when economic and fiscal conditions allow.
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