UKIP leader Nigel Farage has announced plans to increase national defence spending by more than £3bn a year if he is successful at the General Election.
He accused other parties of being dishonest about how they plan to make savings, and said he would reallocate money currently being spent on the European Union and on foreign aid.
Mr Farage also pledged to reduce UK taxpayer spending in Scotland and to scrap the High Speed 2 rail project.
UKIP said the money saved would be used to get rid of inheritance tax and raise the 40% personal allowance, as well as eliminating the deficit.
Mr Farage said the main parties had displayed a "complete, total lack of honesty" about the public finances, with the deficit running at £90bn per year and a national debt of £1.5tr.
The upturn in the economy was a "London-led and an asset-led" recovery that is not being felt in the rest of the country, he claimed.
Mr Farage said: "It's quite difficult to believe any plan that you get from the other parties about what public spending might be, on the health service, on education, on anything else, when they don't know because of open door migration, within the nearest couple of million, how many people will be living here in five years' time."
He described the party's economic policies as "pragmatic" and claimed UKIP has got its "feet on the ground".
Mr Farage added: "It is vital that over the next Parliament, yes we need more growth in the economy, but we've got to control and cut in some areas government spending, we've got to get rid of that deficit, or we are handing on to our children and grandchildren an economic millstone around their necks."
Mr Farage was speaking at a sheet metal manufacturing firm in Middleton, Greater Manchester, to outline the party's plans for the economy.
UKIP's economics spokesman Patrick O'Flynn told the event: "It is astonishing to think that UKIP goes into this election as the only party offering the British people a policy of meeting the NATO requirement of 2% of GDP being spent on defence.
"It is equally astonishing to behold three other so-called mainstream parties, and in particular the Conservative Party, eagerly chaining themselves to a GDP target for foreign aid giveaways while grievously neglecting the first duty of government; defence of the realm.
"Over the course of the next parliament, our public spending plans will allow for cumulative extra spending on defence of more than £16bn compared to Government spending plans."
Mr O'Flynn said UKIP would give employers the right to discriminate in favour of British jobseekers, something which saw "all hell break loose" when suggested by Mr Farage recently.
The event comes as the party tries to get its election campaign back on track after a number of controversies.
The fate of MEP and parliamentary candidate Janice Atkinson is expected to be decided by a disciplinary panel later.
Her chief of staff was filmed apparently asking for an inflated invoice to claim on European expenses.
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