Government Spending in the United Kingdom decreased to 115215 GBP Million in the first quarter of 2022 from 117221 GBP Million in the fourth quarter of 2021. source: Office for National Statistics

Government Spending in the United Kingdom averaged 66296.79 GBP Million from 1955 until 2022, reaching an all time high of 117221 GBP Million in the fourth quarter of 2021 and a record low of 34367 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 June of 2022.

Government Spending in the United Kingdom is expected to be 118238.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Government Spending is projected to trend around 121713.00 GBP Million in 2023 and 123661.00 GBP Million in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Government Spending



Related Last Previous Unit Reference
Government Budget Value -13990.00 -21896.00 GBP Million May 2022
Government Spending 115215.00 117221.00 GBP Million Mar 2022
Government Debt 2363.20 2347.70 GBP Billion May 2022
Government Revenues 66577.00 69440.00 GBP Million May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
115215.00 117221.00 117221.00 34367.00 1955 - 2022 GBP Million Quarterly
Constant Prices 2019, SA