The Accounts Chamber estimates the required budget for the purchase of new equipment and technology for the British army over the next 10 years at 305.5 billion pounds sterling, which is 16.9 billion more than the government had planned.
The UK Ministry of Defense’s equipment plan for the next decade has the biggest budget deficit since 2012. Between 2023 and 2033, the country’s army will be short about 17 billion pounds ($21.6 billion) to meet the all its military equipment needs, reports the British Accountability Office (NAO).
The Accounts Chamber estimates the required budget for the purchase of new equipment and technology for the British army over the next 10 years at 305.5 billion pounds sterling, which is 16.9 billion more than the government had planned.
The reasons for the shortage are the rising costs of the nuclear and naval programs, taking into account the replacement of nuclear forces that deter Britain, as well as high inflation, which led to a “notice -significant deterioration” in the financial condition of the British Ministry of Defense. .
“The Ministry of Defense recognizes that its 2023-2033 equipment plan is unachievable, with projected costs over budget by nearly £17 billion. This is a marked deterioration in the financial position compared to the previous plan,” said this.
The Accounts Chamber predicts a possible increase in the deficit in the country’s defense budget, because it has not taken into account the costs of maintaining outdated equipment and developing new forces and means.
It was previously reported that Great Britain will deploy its troops to Ukraine for the first time. This is what the country’s Minister of Defense, Grant Shapps, said. London is also in talks with Ukraine about a possible role for the Royal Navy in protecting commercial ships from Russian attacks in the Black Sea.
Source: korrespondent
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