Government Spending in the United Kingdom increased to 91999 GBP Million in the first quarter of 2017 from 91294 GBP Million in the fourth quarter of 2016. Government Spending in the United Kingdom averaged 57198.18 GBP Million from 1955 until 2017, reaching an all time high of 91999 GBP Million in the first quarter of 2017 and a record low of 31331 GBP Million in the second quarter of 1958. 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. 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.
May 30, 2017 at 06:40AM
from Office for National Statistics
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