Name: United Kingdom Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: United Kingdom,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

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.

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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.