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Massereene Barracks

Volume 475: debated on Wednesday 14 May 2008

To ask the Secretary of State for Defence whether the proceeds of the sale of Massereene Barracks in Northern Ireland will be retained within his Department's budget or returned to the Exchequer. (205393)

The Ministry of Defence (MOD) retains the full benefit of disposal receipts, which form part of the Defence budget agreed with HM Treasury during the periodic spending reviews. In line with Treasury guidance, the proceeds of receipts are reinvested by the MOD in key priorities.