Government Spending in the United Kingdom increased to 104228 GBP Million in the fourth quarter of 2020 from 97934 GBP Million in the third quarter of 2020. source: Office for National Statistics

Government Spending in the United Kingdom averaged 63318.11 GBP Million from 1955 until 2020, reaching an all time high of 104646 GBP Million in the second quarter of 2019 and a record low of 33126 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 February of 2021.

Government Spending in the United Kingdom is expected to be 108880.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in the United Kingdom to stand at 109500.00 in 12 months time. In the long-term, the United Kingdom Government Spending is projected to trend around 111200.00 GBP Million in 2022, according to our econometric models.

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United Kingdom Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
104228.00 97934.00 104646.00 33126.00 1955 - 2020 GBP Million Quarterly
Constant Prices 2018, SA

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.70 82.40 82.90 21.70 percent [+]
Government Budget -1.80 -2.70 4.80 -10.20 percent of GDP [+]
Government Budget Value -8750.00 -26844.00 11800.00 -47234.00 GBP Million [+]
Government Spending 104228.00 97934.00 104646.00 33126.00 GBP Million [+]
Government Spending to GDP 39.30 40.00 46.40 34.60 percent [+]
Government Debt 2114.60 2131.60 2131.60 52.10 GBP Billion [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 90.00 [+]
Asylum Applications 3160.00 2790.00 5170.00 1175.00 persons [+]
Government Revenues 80287.00 61053.00 81082.00 17491.00 GBP Million [+]

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.