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The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
The National Audit Office (NAO) put the estimate for the budget for new weapons and equipment at 305.5 billion pounds for 2023-2033, 16.9 billion pounds over budget, the largest deficit since its ...
This article lists military spending in European countries by varying methods including as a percentage of GDP per capita and as a total capital expenditure as listed by the Stockholm International Peace Research Institute unless otherwise stated or cited.
An additional £6 billion investment was announced as part of the 2023 budget for a total investment of £11 billion to be made over the next five years. The government stated its ambition was to raise defence spending from 2.2% to 2.5% of GDP "once fiscal and economic conditions allow". [44]
Here is the military support the UK has provided to Ukraine over the course of the war so far. ... Prime Minister Liz Truss said the Government will spend at least £2.3 billion in 2023 in order ...
The UK has announced a massive boost in defense spending -- £16.5 billion ($21.8BN) over four years, the biggest such spending bump for 30 years -- in what prime minister Boris Johnson has ...
During his speech, Hunt confirmed that the Office for Budget Responsibility had predicted the UK would avoid entering recession during 2023, but that the economy would shrink by 0.2%. Economic growth of 1.8% was predicted for 2024, rising to 2.5% in 2025 then falling slightly to 2.1% in 2026.
According to the Stockholm International Peace Research Institute, the United Kingdom is in sixth place in the world's military spending list in 2023. [84] For comparison: Great Britain spends more in absolute terms than Germany, Ukraine, France or Japan, similar to Saudi Arabia, but less than India, Russia, China or the United States. [84]