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| Chapter 1 - Finance | |||||||||||||||||||||
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Departmental Resources OverviewThis section sets out Defence expenditure over time and includes breakdowns by expenditure group and budgetary area. Defence spending is compared to other areas of government. There are also tables estimating spending on equipment and Research and Development (R&D), the value of fixed assets and the external income earned by the MOD. The data is consistent with that in the MOD’s Resource Accounts which have been audited by the National Audit Office (NAO).
IMPORTANT NOTE: Please refer to the Resource Accounting & Budgeting section to view information relating to the introduction of the International Financial Reporting Standard (IFRS), the implementation of the Clear Line of Sight (CLoS) Alignment project and recent (and planned) accounting changes resulting from the publication of the Strategic Defence & Security Review (SDSR), which have led to presentational changes to the reporting of MOD accounts this year. These and other changes to the Government accounting framework will mean that the presentational challenges currently faced with reporting defence expenditure are likely to continue for the foreseeable future.
Section ContentsTable 1.1 presents changes in defence expenditure over time. Table 1.2 examines expenditure on defence within the wider public expenditure framework. Table 1.3 gives a breakdown of defence expenditure outturn by main area. Table 1.4 presents estimates of MOD equipment expenditure broken out by the main categories of expenditure. Table 1.5 presents the MOD resources by budgetary area. Table 1.6 details net book values for MOD Fixed Assets by budgetary area. Table 1.7 details the MOD's annual expenditure on R&D. This is broken down into intramural (within the department) and extramural (outside of the department) expenditure. Table 1.8 provides a breakdown of the revenue earned by MOD split by Request for Resources category and income source. Key PointsDefence Spending (Table 1.1)
Comparison with other Government Departments (Table 1.2)
Principal Headings of Defence Expenditure Outturn (Resources) (Table 1.3)
Estimated MOD Equipment Expenditure (Table 1.4)
MOD Resources by Budgetary Area (Table 1.5)
Fixed Assets (Table 1.6)
Research & Development (Table 1.7)
External Income earned by MOD (Table 1.8)
Data QualityA background quality report containing further information about the quality of methods and underlying data, along with the uses and limitation of these statistics can be found at: Background Quality Report - Departmental Resources Statistics with a separate quality report for Research and Development being found at: Background Quality Report - Research and Development Statistics. |
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