Headline central, local, and total UK public spending.
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We have central government spending data going back to 1692. Local government spending goes back to 1868.
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Spending data is updated every July from HM Treasury’s PESA report.
UK public spending includes both central government and local authority spending.
Last year, FY 2023, total public spending was £1,134.1 billion.
This year, FY 2024, total public spending is budgeted at £1,145.1 billion.
The “current budget deficit” is the difference between current spending and the sum of current receipts and depreciation.
Last year, FY 2023, the deficit was £87.4 billion.
This year, FY 2024, the deficit is budgeted at £82.7 billion.
The UK National Debt is the “public sector net debt” published by ONS.
Last year, FY 2023, the national debt was £2.5464 trillion.
This year, FY 2024, the national debt is budgeted at £2.7020 trillion.
UK defence spending here includes defence, foreign affairs, and foreign aid.
Last year, FY 2023, total defence spending was £60.6 billion.
This year, FY 2024, total defence spending is budgeted at £60.3 billion.
Last year, FY 2023, total education spending was £105.5 billion.
This year, FY 2024, total education spending is budgeted at £108.5 billion.
Expenditure data since 1983 comes from HM Treasury’s Public Expenditure Statistical Analysis reports.
Detailed table of spending data sources here.
Gross Domestic Product data comes from measuringworth.com.
Central government spending data begins in 1692.
Local authority spending data begins in 1868.
GDP: OBR EFO supp. economy tables
Revenue: OBR March 2018 Economic and fiscal outlook – charts and tables: fiscal
Debt: OBR Public Finances Databank
> revenue data sources for other years
On March 16, 2024 we updated UK revenue forecast data for 2023-24 to 2026-27 from the Office of Budget Responsibility's March 2024 Economic and fiscal outlook report in a zip file labeled "March 2024 Economic and fiscal outlook - charts and tables (zip file)" and a spreadsheet file named "Annex_A_charts_and_tables_March_2024.xlsx" and Table A.5: Current Receipts in tab "TA.5".
2022-23 Forecast | March 2023 £ billion | March 2024 £ billion |
Central Government | £951.9 | £987.4 |
Local Authorities | £68.1 | £670.6 |
Total UK Revenue | £1,020.0 | £1,058.0 |
On March 16, 2024 we updated UK deficit forecast data for 2023-24 to 2028-29 from the Office of Budget Responsibility's March 2024 Economic and fiscal outlook report Table 6.5 Components of Net Borrowing in tab "6.5" in a zip file labeled "March 2024 Economic and fiscal outlook - detailed forecast tables (zip file)" and a spreadsheet file named "Detailed_forecast_tables_Aggregates_March_2024.xlsx".
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