Government Spending in the United Kingdom increased to 113640 GBP Million in the fourth quarter of 2022 from 112747 GBP Million in the third quarter of 2022. source: Office for National Statistics

Government Spending in the United Kingdom averaged 66757.82 GBP Million from 1955 until 2022, reaching an all time high of 114284.00 GBP Million in the fourth quarter of 2021 and a record low of 34367.00 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 March of 2023.

Government Spending in the United Kingdom is expected to be 113244.00 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 114891.00 GBP Million in 2024 and 116615.00 GBP Million in 2025, according to our econometric models.

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United Kingdom Government Spending



Related Last Previous Unit Reference
Government Budget Value -16680.00 8283.00 GBP Million Feb 2023
Government Spending 113640.00 112747.00 GBP Million Dec 2022
Government Debt 2507.30 2488.50 GBP Billion Feb 2023
Government Revenues 77786.00 106618.00 GBP Million Feb 2023

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
113640.00 112747.00 114284.00 34367.00 1955 - 2022 GBP Million Quarterly
Constant Prices 2019, SA