| Presented | 15 March 2023 |
|---|---|
| Passed | 11 July 2023 |
| Total revenue | £1,058 billion |
| Total expenditures | £1,189 billion |
| Deficit | £131 billion |
| GDP | £2,650 billion |
| Website | https://www.gov.uk/government/topical-events/spring-budget-2023 |
Government spending in the United Kingdom, also referred to as public spending, is the total spent by Central Government departments and certain other bodies as authorised by Parliament through the Estimates process.[1] It includes net spending by the three devolved governments: the Scottish Government, the Welsh Government and the Northern Ireland Executive.
For the financial year 2023-24, total government spending is expected to be £1,189 billion.[2]
The UK government has spent more than it has raised in taxation since financial year 2001-02,[3] creating a budget deficit and leading to growing debt interest payments.
Average government spending per person is higher in Scotland, Wales and Northern Ireland than it is in England. In financial year 2021-22, spending per head in England was £15.2k, whereas in Scotland it was £17.7k, in Wales it was £16.9k and in Northern Ireland it was £17.5k.[4]
- ^ "HMT Main Estimates". GOV.UK. 18 May 2023. Retrieved 19 October 2023.
- ^ Cite error: The named reference
UKBudgetspendingwas invoked but never defined (see the help page). - ^ "The budget deficit: a short guide". UK Parliament. 8 June 2023. Retrieved 19 October 2023.
- ^ "Country and regional public sector finances, UK - Office for National Statistics". www.ons.gov.uk. Retrieved 19 October 2023.
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