How much did the UK government spend in 2011?

How much did the UK government spend in 2011?

2011 United Kingdom budget

Presented	23 March 2011
Party	Coalition government
Chancellor	George Osborne
Total revenue	£589 billion (41% of 2010 GDP)
Total expenditures	£711 billion (50% of 2010 GDP)

How much did the government spend in 2011?

2011 United States federal budget

Submitted	February 1, 2010
Total expenditures	$3.834 trillion (requested) $3.603 trillion (actual) 23.4% of GDP (actual)
Deficit	$1.645 trillion (requested) 10.9% of GDP $1.30 trillion (actual) 8.5% of GDP (actual)
Debt	$14.764 trillion (at fiscal end) 96.0% of GDP
GDP	$15.379 trillion

How much did the UK government spend in 2012?

2012 United Kingdom budget

Budget 2012 Bill
Party	Coalition government
Chancellor	George Osborne
Total revenue	£592 billion (38.5% of 2011 GDP)
Total expenditures	£682 billion (45% of 2011 GDP)

How much did the government spend in 2010?

2010 United States federal budget

President Barack Obama with OMB Director Peter Orszag.
Submitted	February 26, 2009
Total expenditures	$3.552 trillion (requested) $3.456 trillion (actual) 23.4% of GDP (actual)
Deficit	$1.171 trillion (requested) $1.294 trillion (actual) 8.7% of GDP (actual)

What was the national debt in 2011?

$14,790
Debt by Year Compared to Nominal GDP and Events

End of Fiscal Year	Debt (in billions, rounded)	Debt-to-GDP Ratio
2010	$13,562	90%
2011	$14,790	95%
2012	$16,066	99%
2013	$16,738	99%

How much did the UK government spend in 2018?

When adjusted for inflation, UK government spending has increased by over 600 billion pounds since 1977/78….Total managed expenditure of the United Kingdom government from 1977/78 to 2020/21 (in billion GBP)

Characteristic	Nominal	Real Terms
2018/19	886	941.8
2017/18	835.1	869.4
2016/17	812.6	860.6
2015/16	793.5	860.3

What did the government spend as a percentage of GDP in 2010?

By the OECD’s measure, U.S. government spending topped 42 percent of GDP in 2009 and 2010 — when the economy hit bottom — and has slipped to 41 percent this year.

What was the financial crisis of 2011?

In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor’s of the United States sovereign debt from AAA, or “risk free”, to AA+.

What crisis happened in 2011?

The 2011 U.S. Debt Ceiling Crisis was one of a series of recurrent debates over increasing the total size of the U.S. national debt. The crisis was brought about by massive increases in federal spending following the Great Recession.

How much did the UK spend on public services in 2011?

Public spending in 2011-12 was £694.89bn – compared to £689.63bn in 2010-11. That may look like an increase but once inflation is taken into account, it is a real-terms cut of 1.58%, or £10.8bn.

How much does the UK government spend each year?

UK public spending includes both central government and local authority spending. Last year, FY 2019, total public spending was £821.0 billion. This year, FY 2020, total public spending is budgeted at £847.6 billion.

How did the coalition government cut public spending?

Coalition cuts force £10bn in public sector savings. Railways spending was down 41% to £2.9bn. More than 200 areas of public spending faced real-terms cuts in the first year of coalition government, with departments having to find £10bn in savings from services such as GP care, prisons and the rail network, an analysis by the Guardian shows.

How much does the UK spend on defence?

UK defence spending here includes defence, foreign affairs, and foreign aid. Last year, FY 2019, total defence spending was £49.7 billion. This year, FY 2020, total defence spending is budgeted at £50.3 billion.