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United Kingdom budget: Wikis

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Pie chart of UK central government expenditure, near-cash projections, 2009-10.

The United Kingdom budget[1] in the field of Public finance deals with HM Treasury budgeting the revenues gathered by Her Majesty's Revenue and Customs and expenditures of public sector departments, in compliance with government policy.

UK Treasury Managed Expenditure - the UK Public Spending from 2001-2007
UK GDP from Office of National Statistics "UK Output, Income and Expenditure"

Adjustment is achieved with the GDP deflator. See also Economy of the United Kingdom and GDP per capita by region.

Contents

Planned resource budgets 2007-08

Department 2007-08
(£ million)
Work and Pensions 132,732
Health 104,464
Education and Skills 68,060
Defence 38,986
Tax, Excise and Treasury[2] 5,469
Communities & Local Government 28,186
Scottish Government 26,469
Northern Ireland Executive 14,667
Home Office 13,877
Welsh Assembly Government 12,785
Transport 10,150
Cabinet Office 10,090
Trade and Industry 6,015
Culture, Media and Sport 5,042
International Development 4,772
Ministry of Justice 4,086
Environment, Food and Rural Affairs 3,099
Foreign and Commonwealth Office 1,859
Northern Ireland Office 1,370
Law Officers' Departments 718
Departmental Expenditure Limit Reserve 600
Unallocated Special Reserve 400
Total resource budget 519,229

Criticism

  • HM Treasury's independent Gershon Review of Public Services "Releasing Resources for the Frontline" (2004). Gershon claimed "...efficiency gains of over £20 billion in 2007-08 across the public sector have been identified and agreed" (4%). The Work Foundation's response "Whether this challenge can be met will test the capabilities of ministers, public service employers and trade unions".
  • An earlier millennium Treasury comparative best practice study suggests potential savings of 35% are possible, with an additional 17% if public service investment was as efficient as the private sector. This could eventually release £266 billion per year (£409 million per day, at 2007 prices) in tax cuts.

See also

References

External links

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