Defence spending
Source-reported annual official defence budget/appropriation in current US dollars; it is a budget figure, not an assertion of final expenditure or readiness. Explicit 2026 economic-table year column; USD ε102bn. The table was compiled in the November 2025 IISS assessment; this annual figure is an assessment/estimate and does not assert a final audited outturn. Source coverage/fiscal-year notes: [b] Includes total departmental expenditure limits; costs of military operations; Armed Forces Pension Service; military aid to Ukraine; and external income earned by the MoD The printed ε marks this cell as estimated. The explicit 2026 column is forward-looking relative to the November 2025 assessment and is retained as a forecast, not an observed final outturn.