Armed Forces: Defence Equipment

Ministry of Defence written question – answered am ar 21 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Ben Wallace Ben Wallace Ceidwadwyr, Wyre and Preston North

To ask the Secretary of State for Defence, pursuant to the Answer of 10 May 2024 to Question 24424 on Armed Forces: Defence Equipment, for what reason his Department has linked the annual budget cycle in 2024 to the announcement for future funding in the 2025-26 financial year, in the context of the annual budget cycle being for in-year spending adjustments.

Photo of James Cartlidge James Cartlidge The Minister of State, Ministry of Defence

The Department runs an Annual Budget Cycle (ABC) every year. However, this is not solely for in year spending adjustments, it is a financial planning exercise to review the Department's ten-year forecast.

The most recent ABC conducted in 2023 reviewed the ten-year forecast from 2023-24 to 2032-33 and the current ABC process underway is reviewing the ten-year forecast from 2024-25 to 2033-34. This will reflect the recent announcement of our planned trajectory to spend 2.5% of GDP on defence.

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