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UK military faces $22 billion equipment shortfall, watchdog says
Britain's armed forces face a funding shortfall of 17 billion pounds over the next 10 years, the largest deficit since 2012. The budget for new weapons and equipment is estimated at 305.5 billion pounds for 2023-2033, 16.9 billion pounds over budget. Soaring costs in nuclear and naval programs, as well as high inflation, have pushed up the future budget. The Ministry of Defence's financial position has deteriorated. Russia's war in Ukraine has highlighted the need for extra military spending across Europe, with Britain as an important ally and provider of military equipment to Kyiv.
Britain's armed forces face a funding shortfall of 17 billion pounds over the next 10 years, the largest deficit since 2012. The budget for new weapons and equipment is estimated at 305.5 billion pounds for 2023-2033, 16.9 billion pounds over budget. Soaring costs in nuclear and naval programs, as well as high inflation, have pushed up the future budget. The Ministry of Defence's financial position has deteriorated. Russia's war in Ukraine has highlighted the need for extra military spending across Europe, with Britain as an important ally and provider of military equipment to Kyiv. 
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