UK Government Pledges US$306 Billion To Ukraine. In Totality, Represents 19% Of 2024 UK Budget, 10% Of UK 2024 National Debt, 10% Of UK 2024 GDP. Sensible For UK Taxpayers?
UK Government Pledges US$306 Billion To Ukraine. In Totality, Represents 19% Of 2024 UK Budget, 10% Of UK 2024 National Debt, 10% Of UK 2024 GDP
Does This Make Sense For United Kingdom Taxpayers?
One Hundred Year Duration Of Agreement Not Binding On Any United Kingdom Government
On 16 January 2025, Sir Keir Starmer, Prime Minister of the United Kingdom (England, Scotland, Wales, Northern Ireland), and Volodymyr Zelensky, President of Ukraine (2019-2025; extended due to imposition of martial law), signed a 100-year agreement which included provisions for approximately US$3.6 billion in annual military assistance- meaning US$306 billion in total United Kingdom taxpayer spending for Ukraine.
For 2024-2025, the annual budget of the United Kingdom consists of approximately US$1.39 trillion in revenue and approximately US$1.55 trillion in spending resulting in a deficit of approximately US$155.2 billion.
The US$306 billion represents in totality approximately 19% of the 2024-2025 spending by the government of the United Kingdom.
As of January 2025, national debt of the United Kingdom was approximately US$3.37 trillion.
The US$306 billion represents in totality approximately 10% of the national debt of the United Kingdom.
The Gross Domestic Product (GDP) of the United Kingdom in 2024 was approximately US$3.58 trillion.
The US$306 billion represents in totality approximately 10% of the 2024 GDP of the United Kingdom.
