questionText: To ask the Chancellor of the Exchequer, what percentage of GDP will be spent on the MOD budget in the financial year that NATO declared defence spending will increase to 3 per cent of GDP.
answerText: We are set to spend 2.6 percent of GDP on defence spending in 2027, with an ambition to spend 3 percent of GDP on defence next Parliament when economic and fiscal conditions allow. 
heading: Defence: Finance