Readers Question: What does the Government spend its money on?
The government spends money for a variety of reasons
- Reduce Inequality
- Provide Public Goods
- Provide important public services like education and health (merit Goods)
In the UK, the biggest department for public money is social security. This takes over £133,000m, this is almost a quarter of all public spending. It goes on financing a variety of benefits.
In recent years, the government have increased significantly spending on health and education. Although, much to their disappointment it hasn’t met with an improvement in perceptions of better service.
This is a table listing the different types of government spending in the UK
For more details you can look at this pdf from HM Treasury.
2 comments ↓
What checks the use of the UK’s public money. Starts with a ‘p’ , three leters altogether.
What checks the use of the UK’s public money. Starts with P and has 3 letters altogether?! Looks as if Aidan and I are doing the same crossword!!
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