On a sombre note just to cheer all up MOD running costs have been examined. Deficit ~£16b may turn out to be up to 20 odd. Criticised for wasted expenditure.
The Ministry of Defence (MoD) has not credibly demonstrated how it will manage its funding to deliver the military capabilities the Government wants. In a report published today, the Public Accounts Committee (PAC) calls on the Government to get firmer control of defence procurement, amid the largest deficit ever between the MoD’s budget and its military capability requirements.
Despite a budget increase of £46.3 billion over the next ten years compared to last year’s Equipment Plan, this year’s Plan’s £16.9bn deficit marks an unmistakable deterioration in its financial position. The PAC warns that the real deficit would actually be £12bn bigger than the £16.9bn estimate if all parts of the Armed Forces took the same approach to including the full costs of all the capabilities that the government expects them to deliver.
From the full report summary
In this Committee’s report on last year’s Plan, we commented that we saw the same problems recurring year-on-year, with many defence procurement programmes being delayed and over-budget. We are disappointed, if not surprised, that these failings are evident yet again. The need for the MoD to assert firm control on defence procurement remains as acute as ever.
Some don't work out let alone go over budget.
The Ministry of Defence (MoD) has not credibly demonstrated how it will manage its funding to deliver the military capabilities the Government wants. In a report published today, the Public Accounts Committee (PAC) calls on the Government to get firmer control of defence procurement, amid the largest deficit ever between the MoD’s budget and its military capability requirements.
Despite a budget increase of £46.3 billion over the next ten years compared to last year’s Equipment Plan, this year’s Plan’s £16.9bn deficit marks an unmistakable deterioration in its financial position. The PAC warns that the real deficit would actually be £12bn bigger than the £16.9bn estimate if all parts of the Armed Forces took the same approach to including the full costs of all the capabilities that the government expects them to deliver.
From the full report summary
In this Committee’s report on last year’s Plan, we commented that we saw the same problems recurring year-on-year, with many defence procurement programmes being delayed and over-budget. We are disappointed, if not surprised, that these failings are evident yet again. The need for the MoD to assert firm control on defence procurement remains as acute as ever.
Some don't work out let alone go over budget.