Transfer Spending

Block Type

Flashcard

Flashcard Definition

Payments from the government to the public. Includes unemployment benefits and welfare spending.

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How is the welfare budget spent?

In the financial year ending 2017, the UK government spent £264 billion on welfare, which made up 34% of all government spending. In the financial year ending 2013, the government spent £253 billion on welfare, around 35% of government spending. How do you think this was split?

www.ons.gov.uk

https://obr.uk/monthly-public-finances-briefing/

obr.uk