![]() The broad picture is that of a state increasingly focused on providing healthcare, long-term (social) care and pensions to the elderly – a trend that is likely to continue as the population ages. At the same time, the share devoted to spending on defence has fallen, as has the share devoted to spending on a number of other areas (notably housing and net debt interest costs). Read more, while education spending has been relatively stable. It is the monetary value of all market production in a particular area (usually a country) in a given period (usually a year). Health spending has grown steadily to account for an ever-increasing share of GDP Gross domestic product (GDP) is a measure of an economy’s size. ![]() The draft budget for 2021 has a total volume of 413.4 billion euros. We see similar trends if we instead look at spending as a share of GDP Gross domestic product (GDP) is a measure of an economy’s size. The pie chart shows a breakdown of the spending provided for in the draft budget for. ![]() Another is the steady reduction in net debt interest costs as a share of GDP Gross domestic product (GDP) is a measure of an economy’s size. One notable trend is a more than doubling of social security spending as a share of GDP Gross domestic product (GDP) is a measure of an economy’s size. The chart below shows how spending on each of these components has changed over time. The remainder can be split into government investment (around 5% of the total) and (net) interest costs on government debt (around 3% of the total). Around a quarter of all spending is on social security, such as universal credit and the state pension. Around two-thirds of the total is ‘day-to-day’ spending on public services, such as the NHS, schools and prisons. This can be broken down into a number of broad components. The total amount of money that the government spends each year is called total managed expenditure (TME). Two-thirds of spending is on public services
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |