Churchlawtonblue
Well-Known Member
- Joined
- 3 Dec 2013
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You’ve lost me mate. GDP is completely different to government expenditure, that’s the total value of the goods and services of a country, the second is just how governments spend their budget.
OK sorry understood those figures still look high tho.You’ve lost me mate. GDP is completely different to government expenditure, that’s the total value of the goods and services of a country, the second is just how governments spend their budget.
Check these out.
What does the government spend money on? | Institute for Fiscal Studies
In 2022–23, government spending was almost £1,200 billion, or around 45% of GDP. Health spending is a growing share of the total.
ifs.org.uk