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Feb 28, 2024 · Compared with the previous year: in real terms, spending in seven of the ten functions (excluding EU transactions) for 2022-23 increased whilst spending in three functions fell, compared to...
- Public spending statistics: May 2022
The largest increases in DEL spending in nominal terms in...
- Public spending statistics: May 2022
Aug 30, 2024 · Capital spending within budgets was £183.1 billion in 2023-24, an increase of 36.0 per cent on the previous year. The majority of capital spending occurred within DEL.
The government spends huge amounts of money each year on our behalf. In 2022–23, UK government spending was almost £1,200 billion, or around £17,000 per person. This was equivalent to around 45% of GDP.
- About This Release
- Total Expenditure
- Total Departmental Expenditure Limits, 2020-21
- Real Terms Public Expenditure
- Trends in Public Spending
- Revisions in This Release
- Additional Information About The PSS Release
Public spending outturn data for the years 2016-17 to 2020-21 were first released in July 2021. This release includes any updated data for those years including from departments who have only recently published 2020-21 resource accounts delayed due to Covid-19. It incorporates changes made to central and local government expenditure data as well as...
Budgets are divided into Departmental Expenditure Limits (DEL), which are firm plans for three or four years, and Annually Managed Expenditure (AME), covering spending which is demand-led, less predictable and more difficult to control. In the accompanying excel tables, table 1 shows the aggregate position for all departments and all types of spend...
For the full table, including years from 2016-17 onward, please refer to Table 7 in the accompany budget tables excel. In September 2021 the government announced that the Ministry of Housing, Communities and Local Government (MHCLG) would be renamed the Department for Levelling Up, Housing and Communities (DLUHC). The department name MHCLG is used ...
In the accompanying excel tables, tables 10 to 11 present spending under the “expenditure on services” framework. This is based on National Accounts definitions and covers the whole of the public sector. It therefore has wider coverage than the budgeting framework and is also more stable over time.
Chart 1: Trends in public spending since 1997-98
1. TME as a percentage of GDP, which shows the size of the public sector relative to the size of the whole economy, was 51.9 per cent in 2020-21. This is the highest in the period covered by these tables (from 1997-98), reflecting not only increased spending, but also lower GDPas the economy entered recession during the Covid-19 pandemic.
Chart 2: Real terms trends in Public Spending
From 2011-12 onwards the ‘grant-equivalent element of student loans’ is no longer part of the TES framework and has therefore been removed from the Education function. Therefore, figures are not directly comparable between 2010-11 and 2011-12. A full explanation of this decision can be found in PESA 2020 Annex E. In real terms (i.e. after adjusting for the effect of inflation): 1. the largest real terms spending increase by function in 2020-21 was in economic affairs, which rose by £126.0 bil...
Changes to Total Managed Expenditure (TME) and public sector debt interest in all years are due to updated ONS data. More information about these changes is available in the monthly ONS public sector finances (PSF) release.
Upcoming revisions and changes in forthcoming releases
The next HM Treasury PSS National Statistics release will be published in July 2022, alongside the Public Expenditure Statistical Analyses (PESA) release. There are no expected changes to the spending frameworks for the next release.
GDP deflators and money GDP
Outturn data are based on the 28 March 2022 National Accounts figures from ONS GDP Deflator: Financial years 2016-17 to 2020-21 taken from ONS series L8GG in Table N.
Jul 3, 2024 · The government of the United Kingdom is estimated to have spent approximately 1.14 trillion British pounds in the 2023/24 financial year, compared with 1.16 trillion in 2022/23.
Jul 3, 2024 · In 2024/25, the expenditure of the United Kingdom government is expected to be reach 1,226 billion British pounds, with the highest spending function being the 371 billion pounds expected to...
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Why is UK government spending more than it has raised?
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.
