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Government Spending and the Budget
Fiscal Policy
Government spending and borrowing
Revision notes on the pattern and level of government spendingin the United KingdomTrends in Government borrowing over recent years
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Government Spending and the Budget
Government Spending
Total government spending = £370 billionOver £6,000 for each individual in UK
£103 billion on social security benefits
£54 billion on the NHS
£46 billion on education
£28 billion in interest payments on debt
Total government (public) spending can bebroken down into three main areas
Current spending on goods and services
Capital spending (I.e. government investment spending)
Transfer payments (welfare benefits and other transfers)
 
Government Spending and the Budget
Distribution of Public Spending
10354946232815201459
Social SecurityNHSTransportEducationDefenceDebt InterestIndustry & AgricultureLaw and Order Housing & EnvironmentOther Spending
   S  o  u  r  c  e  :   H   M    T  r  e  a  s  u  r  y ,   2   0   0   0  -   0   1   f   i  g  u  r  e  s
0 20 40 60 80 100 120£ billion
BREAKDOWN OF GOVERNMENT SPENDING
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