Flashcard Definition
Payments from the government to the public. Includes unemployment benefits and welfare spending.
Block Type
Flashcard
Related content:
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