The UK Ministry of Defense might not be able to fund contracts for new warships، fighter jets and other military equipment، a parliamentary committee has warned، according to PressTV.
Members of the Defense Select Committee in the House of Commons said Saturday that they “seriously doubt” the ministry’s ability to find the £7.3 billion ($9.7 billion) in savings that was required to pay for the new hardware.
The equipment are part of a 2016 plan that saw the government pledge to spend £178 billion ($237 billion) on new military gear over the next 10 years.
The new equipment includes eight Type 26 frigates for the Royal Navy، new mechanized infantry vehicles and nine Boeing P-8A maritime spy aircraft.
The plan، however، requires the MoD to save £7.3 billion by selling off various properties and other efficiency measures.