Government Spending in the United Kingdom increased to 106683 GBP Million in the first quarter of 2021 from 104020 GBP Million in the fourth quarter of 2020. source: Office for National Statistics

Government Spending in the United Kingdom averaged 63469.90 GBP Million from 1955 until 2021, reaching an all time high of 106683 GBP Million in the first quarter of 2021 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 July of 2021.

Government Spending in the United Kingdom is expected to be 109000.00 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 108400.00 in 12 months time. In the long-term, the United Kingdom Government Spending is projected to trend around 111200.00 GBP Million in 2022 and 110600.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
106683.00 104020.00 106683.00 33126.00 1955 - 2021 GBP Million Quarterly
Constant Prices 2018, SA

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 97.40 84.40 97.40 21.70 percent of GDP [+]
Government Budget -14.30 -2.60 4.80 -14.30 percent of GDP [+]
Government Budget Value -22754.00 -20604.00 11860.00 -47332.00 GBP Million [+]
Government Spending 106683.00 104020.00 106683.00 33126.00 GBP Million [+]
Government Spending to GDP 52.20 39.80 52.20 34.50 percent of GDP [+]
Government Debt 2218.20 2195.50 2218.20 52.10 GBP Billion [+]
Military Expenditure 58485.00 56856.00 64257.00 30751.00 USD Million [+]
Credit Rating 90.00 [+]
Asylum Applications 6939.00 9456.00 27891.00 5554.00 persons [+]
Government Revenues 62192.00 59525.00 83219.00 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.