Government Spending in the United Kingdom increased to 117492 GBP Million in the third quarter of 2021 from 116448 GBP Million in the second quarter of 2021. source: Office for National Statistics

Government Spending in the United Kingdom averaged 65926.35 GBP Million from 1955 until 2021, reaching an all time high of 117492 GBP Million in the third 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 December of 2021.

Government Spending in the United Kingdom is expected to be 112328.00 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 116371.00 GBP Million in 2022 and 117535.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Government Spending

Related Last Previous Unit Reference
Government Budget Value -18799.00 -20702.00 GBP Million Oct/21
Government Spending 117492.00 116448.00 GBP Million Sep/21
Government Debt 2277.60 2208.90 GBP Billion Oct/21
Government Revenues 65482.00 63432.00 GBP Million Oct/21
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.