Defence: Finance
(asked on 24th April 2024) - View Source
Question to the Ministry of Defence:
To ask His Majesty's Government what percentage of GDP will be spent on defence in each financial year between now and 2030.
This question was answered on 9th May 2024
As detailed in Annex A of the Government’s publication “Defending Britain: leading in a more dangerous world”, the UK’s qualifying defence spend as a percentage of GDP up to 2030-31 is below.
| 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 |
% of GDP | 2.32 | 2.35 | 2.38 | 2.41 | 2.44 | 2.47 | 2.5 |