Government Spending in the United Kingdom decreased to 96136 GBP Million in the first quarter of 2020 from 100275 GBP Million in the fourth quarter of 2019.

Government Spending in the United Kingdom averaged 60815.06 GBP Million from 1955 until 2020, reaching an all time high of 100275 GBP Million in the fourth quarter of 2019 and a record low of 32139 GBP Million in the second quarter of 1958. This page provides the latest reported value for - United Kingdom Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Government Spending - values, historical data and charts - was last updated on August of 2020. source: Office for National Statistics

Government Spending in the United Kingdom is expected to be 104740.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in the United Kingdom to stand at 108880.00 in 12 months time. In the long-term, the United Kingdom Government Spending is projected to trend around 109500.00 GBP Million in 2021 and 111200.00 GBP Million in 2022, according to our econometric models.

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United Kingdom Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
96136.00 100275.00 100275.00 32139.00 1955 - 2020 GBP Million Quarterly
Constant Prices 2016, SA

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.70 82.40 82.90 21.70 percent [+]
Government Budget -1.80 -2.70 4.80 -10.20 percent of GDP [+]
Government Budget Value -31061.00 -49780.00 18449.00 -49780.00 GBP Million [+]
Government Spending 96136.00 100275.00 100275.00 32139.00 GBP Million [+]
Government Spending to GDP 39.30 40.00 46.40 34.60 percent [+]
Government Debt -34801.00 -44740.00 12329.00 -46169.00 GBP Million [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 91.00 [+]
Asylum Applications 1175.00 2575.00 5170.00 1175.00 persons [+]
Government Revenues 49371.00 40734.00 81718.00 17491.00 GBP Million [+]


United Kingdom Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.