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Pie chart of UK government spending, 2023–24. [2]The most significant area of government spending is welfare (£341 billion in financial year 2023-24), [2] with the largest single element of this being for the State Pension, which totals £124 billion.
Pie chart of UK central government expenditure, 2009–10.Social Protection is shown in orange, health in red, education in grey, and personal services in light blue. The welfare state represents around two-thirds of total government spending.
These tables are lists of social welfare spending as a percentage of GDP compiled by Organisation for Economic Co-operation and Development ("OECD") into the OECD Social Expenditure Database which "includes reliable and internationally comparable statistics on public and mandatory and voluntary private social expenditure at programme level." [1]
The UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year. Thus, the UK budget for financial year 2021 runs from 1 April 2021 to 31 March 2022 and is often referred to as 2021–22. Historically, the budget was usually released in March, less than one month before the beginning of the new fiscal year.
A UN enjoy sharply criticised poverty rates and welfare spending in the country. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...
The welfare cap was supported by nearly all Members of Parliament, passing by 520–22. [8] During the vote on the 2014 United Kingdom budget that introduced the welfare cap, the policy was supported by the Labour shadow cabinet but thirteen Labour MPs opposed it, including future party Leader Jeremy Corbyn, future Deputy Leader Tom Watson, future Shadow Chancellor John McDonnell and future ...
Pie chart of UK central government expenditure, 2016–17. Debt interest is shown in dark green. Social protection includes pensions and welfare. [8] The UK national debt is often confused with the government budget deficit (officially known as the Public Sector Net Cash Requirement (PSNCR)).
The following tables show the governmental budget of each country/territory/group divided by its total population, not adjusted to purchasing power parity, in current US dollars, based on data published by International Monetary Fund, [1] and World Bank. [2] [3] [4] [5]