18 Sep United Kingdom Government Spending
Government Spending in the United Kingdom increased to 94259 GBP Million in the second quarter of 2019 from 93644 GBP Million in the first quarter of 2019. Government Spending in the United Kingdom averaged 58956.06 GBP Million from 1955 until 2019, reaching an all time high of 94259 GBP Million in the second quarter of 2019 and a record low of 31579 GBP Million in the first 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.