The UK Ministry of Defence (MOD) received substantial additional funding from the Spring Budget 2023, aimed at bolstering defence and national security. While the full annual budget is not detailed in the provided information, specific supplementary allocations significantly augment existing resources.
Key Funding Allocations for the MOD
According to information from the MOD Annual Report and Accounts, 2022–23, the Spring Budget 2023 provided the following additional funds for the UK's defence and national security:
| Funding Type | Amount | Period |
|---|---|---|
| Additional Defence Funding | £5 billion | Over the two years following the Spring Budget 2023 |
| Subsequent Annual Funding | £2 billion/year | Annually in subsequent years up to 2027–28 |
These allocations represent a significant boost to the MOD's financial capacity, enabling enhanced investment in critical defence capabilities and national security initiatives.
Global Context of UK Defence Spending
The UK maintains a prominent position in global defence spending. Insights from the IISS Military Balance 2023 indicate that the UK holds the distinction of having the fourth largest defence budget in the world. This high ranking underscores the substantial scale of the nation's ongoing investment in its defence sector.
Clarification on Data Scope
It is important to understand that the monetary figures detailed above represent additional funding provided through specific budget events. They do not encompass the entirety of the MOD's comprehensive annual spending budget. The exact total annual defence budget for the UK is not specified within the provided information.
