In 2025/26, the budgeted expenditure of the United Kingdom government is expected to be reach 1,335 billion British pounds, with the highest spending function being the 379 billion pounds expected to be spent on social protection, which includes pensions and other welfare benefits. Government spending on health was expected to be 277 billion pounds and was the second-highest spending function in this fiscal year, while education was the third-highest spending category at 146 billion pounds. UK government debt approaching 100 percent of GDP At the end of the 2024/25 financial year, the UK's government debt amounted to approximately 2.8 trillion British pounds, around 96 percent of GDP that year. This is due to the UK having to borrow money to cover its spending commitments, especially at the height of the COVID-19 pandemic, when this deficit amounted to 314.6 billion pounds. Without significant cuts to spending or tax rises, the current government is aiming to reduce this debt by creating a stronger, more productive economy. Though this is how Britain's post WW2 debt was reduced, the country faces far more structural problems to growth than it did in the mid 20th century. Income Tax the UK's main revenue source Income Tax is expected to raise approximately 329 billion British pounds in the 2025/26 financial year, and be the largest revenue source for the government that year. Value Added Tax (VAT) receipts are expected to raise 214 billion pounds, with National Insurance contributions reaching 199 billion pounds. Although National Insurance rates for employees has actually fallen recently, the rate which employers pay was one of the main tax rises announced in the Autumn 2024 budget, rising from 13.8 percent to 15 percent. Though this avoided raising tax for workers directly, many UK businesses were critical of the move, with taxation seen as the main issue facing them at the start of 2025.

The United Kingdom recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - United Kingdom Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024/25 the government of the United Kingdom had an expenditure of approximately 1.28 trillion British pounds, compared with 1.23 trillion in the previous financial year.

Government spending in the United Kingdom was last recorded at 44.4 percent of GDP in 2024 . This dataset provides the latest reported value for - United Kingdom Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Spending in the United Kingdom decreased to 138256 GBP Million in the first quarter of 2025 from 138771 GBP Million in the fourth quarter of 2024. This dataset 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.

In 2023/24 the United Kingdom spent around 47.7 billion British pounds on public order and safety, with the main area of spending being the police service, which accounted for 27.3 billion pounds of public order spending.

Government expenditure on education, total (% of GDP) in United Kingdom was reported at 4.9592 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Annual UK government expenditure for local government only, broken down by function using the classification of functions of government.

In 2022/23, the UK government spent approximately 10.2 percent of GDP on social security, compared with 8.4 percent for health, and 4.2 percent for education. These three spending areas have accounted for the highest share of government spending since the late 1980s. Defence spending as a share of GDP has, by contrast, fallen throughout this period, from a high of 4.6 percent in 1984/85, to just 1.8 percent in the mid-2010s. Main sources of revenue During this same time period, income tax has been the most important source of revenue for the government, accounting for almost ten percent of GDP in the 2022/23 financial year. The UK's main tax levied on sales, Value Added Tax (VAT), was equivalent to 7.4 percent of GDP that year, with National Insurance Contributions at around seven percent of GDP. Taxes raised from businesses via Corporation Tax were the fourth-major source of tax revenue that year, at approximately 3.1 percent of GDP. Debt and borrowing Due to several years of the government spending more than it earns, the government has had to borrow large amounts to finance its commitments. This was especially the case at the height of the COVID-19 pandemic when, due to depressed revenues and increased expenditure, the government borrowed more than 314 billion pounds. This increased the national debt from 1.8 trillion pounds, to around 2.15 trillion pounds, or almost 97 percent of GDP.

The United Kingdom recorded a government budget deficit of 17686 GBP Million in May of 2025. This dataset provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Contains a breakdown of general government final consumption expenditure (GGFCE) on a current price and chained volume measure basis.

The United Kingdom spent approximately 111 billion British pounds on education in 2023/24, 55 billion of which was spent on secondary education and 36.6 billion of which was spent on primary and pre-primary education.

General government final consumption expenditure (current US$) in United Kingdom was reported at 692416482705 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - General government final consumption expenditure - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Fiscal Expenditure in the United Kingdom decreased to 108821 GBP Million in May from 111222 GBP Million in April of 2025. This dataset includes a chart with historical data for the United Kingdom Central Government Expenditure.

Breakdown of general government expenditure (both current and capital) and revenue.

Complete set of taxes and social contributions for general government and its sub-sectors, by ESA transaction area.

In the 2023/24 financial year, the government of the United Kingdom spent approximately 26.8 billion British pounds on Railways, compared with 6.1 billion on national roads, six billion on local roads, 4.9 billion on local public transport, and 2.3 billion on other forms of transport.

This statistic shows the government revenue and spending in the United Kingdom from 2020 to 2024, with projections up until 2030. In 2024, the government revenue in the United Kingdom amounted to around 1,091.68 billion pounds, while government spending came to around 1,255.57 billion pounds.