Government Spending in the United Kingdom decreased to 98715 GBP Million in the third quarter of 2019 from 99354 GBP Million in the second quarter of 2019.

Government Spending in the United Kingdom averaged 60523.59 GBP Million from 1955 until 2019, reaching an all time high of 99354 GBP Million in the second quarter of 2019 and a record low of 32139 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. source: Office for National Statistics

Government Spending in the United Kingdom is expected to be 98512.00 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 100196.00 in 12 months time. In the long-term, the United Kingdom Government Spending is projected to trend around 103631.00 GBP Million in 2020, according to our econometric models.

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United Kingdom Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
98715.00 99354.00 99354.00 32139.00 1955 - 2019 GBP Million Quarterly
Constant Prices 2016, SA

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.

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.80 82.60 82.90 21.70 percent [+]
Government Budget -1.80 -2.70 4.80 -10.20 percent of GDP [+]
Government Budget Value -493.00 -1114.00 18681.00 -16111.00 GBP Million [+]
Government Spending 98715.00 99354.00 99354.00 32139.00 GBP Million [+]
Government Spending to GDP 39.30 40.00 46.50 34.50 percent [+]
Government Debt -4040.00 -4195.00 12668.00 -21052.00 GBP Million [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 92.00 [+]
Asylum Applications 4415.00 4120.00 5170.00 1655.00 persons [+]
Government Revenues 62220.00 58446.00 80038.00 17298.00 GBP Million [+]