Central government expenditure in the UK was £76.8 billion in October of 2022, an increase of £6.5 billion from October 2021. Of this, day-to-day spending was £76.8 billion, £6.5 billion more than in October 2021. October also includes the first indemnity payment from HM Treasury to the Bank of England Asset Purchase Facility Fund and the first payments under the government's energy support schemes to households and to domestic energy suppliers. However, the costs of the energy bills relief scheme for businesses was not included in the October’s estimate due to a lack of data so far. source: Office for National Statistics
Fiscal Expenditure in the United Kingdom averaged 47450.98 GBP Million from 1997 until 2022, reaching an all time high of 98771.00 GBP Million in April of 2020 and a record low of 23396.00 GBP Million in April of 1997. This page includes a chart with historical data for the United Kingdom Central Government Expenditure. United Kingdom Central Government Expenditure - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Fiscal Expenditure in the United Kingdom is expected to be 95900.00 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 Central Government Expenditure is projected to trend around 80700.00 GBP Million in 2023 and 81600.00 GBP Million in 2024, according to our econometric models.