MoD fiscal black hole continues to threaten equipment plans
With the ink still drying on the UK MoD’s newly released Defence Equipment Plan, the National Audit Office’s (NAO’s) stinging analysis of the MoD’s financial management could well set a grim backdrop for the upcoming Integrated Review of the country’s security, defence and foreign policy capabilities.
Published on 27 February, the Defence Equipment Plan outlines spending across all military domains over the next ten years. However, the continued existence of a funding black hole threatens current and future procurement programmes.
Key findings by the NAO reveal that the Equipment Plan ‘remains unaffordable’, with the MoD estimating that equipment and support
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