Government Spending in the United Kingdom decreased to 112261 GBP Million in the second quarter of 2022 from 115663 GBP Million in the first quarter of 2022. source: Office for National Statistics

Government Spending in the United Kingdom averaged 66468.69 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 August of 2022.

Government Spending in the United Kingdom is expected to be 118186.00 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 117456.00 GBP Million in 2023 and 117925.00 GBP Million in 2024, according to our econometric models.

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United Kingdom Government Spending

Related Last Previous Unit Reference
Government Budget Value -22879.00 -12560.00 GBP Million Jun 2022
Government Spending 112261.00 115663.00 GBP Million Jun 2022
Government Debt 2387.60 2363.30 GBP Billion Jun 2022
Government Revenues 70494.00 67682.00 GBP Million Jun 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
112261.00 115663.00 117221.00 34367.00 1955 - 2022 GBP Million Quarterly
Constant Prices 2019, SA