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Written question asked by John Healey (Labour) on Tuesday, 6 September 2022, in the House of Commons. It was due for an answer on Thursday, 8 September 2022. It was answered by Alec Shelbrooke (Conservative) on Tuesday, 13 September 2022 on behalf of the Ministry of Defence.


Ministry of Defence: Public Expenditure

Question

To ask the Secretary of State for Defence, what assessment he has made of the impact of fluctuations in foreign exchange rates on the projected affordability of his Department's major projects.

Answer

The Department has assessed the impact of foreign exchange rates on its latest ten year forecast and adverse changes in the USD rate have been absorbed within the overall departmental position. Additional budget has been allocated to budget holders to ensure that the affordability of the equipment programme is not affected.


Secondary information

Type
Written question
Reference
48229
Session
2022-23
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Subjects
Public expenditure Ministry of Defence Exchange rates
Link
View this Written question on www.parliament.uk