2.6.2. Fiscal Policy - Government Spending (Edexcel A-Level Economics Teaching PowerPoint)

This Edexcel teaching powerpoint covers fiscal policy and government spending.

Government spending in the UK refers to the amount of money the government spends on goods and services each year. The biggest elements of state spending in the UK are:

• Healthcare: The National Health Service (NHS) is the largest single expenditure in the UK budget, accounting for around 15% of government spending.
• Social security: This includes pensions, unemployment benefits, and other benefits paid to individuals and families in need, accounting for around 25% of government spending.
• Education: The UK government spends a significant amount on education, including funding for schools and universities.
• Defence: The UK spends a significant amount on its military and defence programmes, which accounts for around 5% of government spending.