Defence Equipment: Procurement
(asked on 12th December 2022) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, for what reasons his Department did not consider the OBR's inflation projections from March 2022 when drafting The Defence Equipment Plan 2022-23.
This question was answered on 15th December 2022
The Defence Equipment Plan 2022-23 is a financial reporting document reflecting a picture in time aligned to the Annual Budgeting Cycle (ABC). This year's ABC closed at the end of March 2022 and therefore the affordability analysis of the Plan reflects the position up until that point. The Equipment Plan is a baseline from which the Department plans around challenges with inflation being one such example.