United Kingdom budget
Encyclopedia
The United Kingdom budget
deals with HM Treasury
budget
ing the revenue
s gathered by Her Majesty's Revenue and Customs
and expenditures of public sector
departments, in compliance with government policy.
Adjustment is achieved with the GDP deflator
.
United Kingdom budget
The United Kingdom budget 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.Adjustment is achieved with the GDP deflator....
deals with HM Treasury
HM Treasury
HM Treasury, in full Her Majesty's Treasury, informally The Treasury, is the United Kingdom government department responsible for developing and executing the British government's public finance policy and economic policy...
budget
Budget
A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods...
ing the revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
s gathered by Her Majesty's Revenue and Customs
Her Majesty's Revenue and Customs
Her Majesty's Revenue and Customs is a non-ministerial department of the UK Government responsible for the collection of taxes and the payment of some forms of state support....
and expenditures of public sector
Public sector
The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...
departments, in compliance with government policy.
Adjustment is achieved with the GDP deflator
GDP deflator
In economics, the GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy...
.
Planned resource budgets 2007–08
Department | 2007–08 expenditure (£ million) |
---|---|
Work and Pensions Department for Work and Pensions The Department for Work and Pensions is the largest government department in the United Kingdom, created on June 8, 2001 from the merger of the employment part of the Department for Education and Employment and the Department of Social Security and headed by the Secretary of State for Work and... |
132,732 |
Health Department of Health (United Kingdom) The Department of Health is a department of the United Kingdom government with responsibility for government policy for health and social care matters and for the National Health Service in England along with a few elements of the same matters which are not otherwise devolved to the Scottish,... |
104,464 |
Education and Skills | 68,060 |
Defence Ministry of Defence (United Kingdom) The Ministry of Defence is the United Kingdom government department responsible for implementation of government defence policy and is the headquarters of the British Armed Forces.... |
38,986 |
Tax, Excise and Treasury | 5,469 |
Communities & Local Government | 28,186 |
Scottish Government | 26,469 |
Northern Ireland Executive Northern Ireland Executive The Northern Ireland Executive is the executive arm of the Northern Ireland Assembly, the devolved legislature for Northern Ireland. It is answerable to the Assembly and was established according to the terms of the Northern Ireland Act 1998, which followed the Good Friday Agreement... |
14,667 |
Home Office Home Office The Home Office is the United Kingdom government department responsible for immigration control, security, and order. As such it is responsible for the police, UK Border Agency, and the Security Service . It is also in charge of government policy on security-related issues such as drugs,... |
13,877 |
Welsh Assembly Government Welsh Assembly Government The Welsh Government is the devolved government of Wales. It is accountable to the National Assembly for Wales, the legislature which represents the interests of the people of Wales and makes laws for Wales... |
12,785 |
Transport Department for Transport In the United Kingdom, the Department for Transport is the government department responsible for the English transport network and a limited number of transport matters in Scotland, Wales and Northern Ireland which are not devolved... |
10,150 |
Cabinet Office Cabinet Office The Cabinet Office is a department of the Government of the United Kingdom responsible for supporting the Prime Minister and Cabinet of the United Kingdom.... |
10,090 |
Trade and Industry | 6,015 |
Culture, Media and Sport Department for Culture, Media and Sport The Department for Culture, Media and Sport is a department of the United Kingdom government, with responsibility for culture and sport in England, and some aspects of the media throughout the whole UK, such as broadcasting and internet.... |
5,042 |
International Development Department for International Development The Department For International Development is a United Kingdom government department with a Cabinet Minister in charge. It was separated from the Foreign and Commonwealth Office in 1997. The goal of the department is "to promote sustainable development and eliminate world poverty". The current... |
4,772 |
Ministry of Justice Ministry of Justice (United Kingdom) The Ministry of Justice is a ministerial department of the UK Government headed by the Secretary of State for Justice and Lord Chancellor, who is responsible for improvements to the justice system so that it better serves the public... |
4,086 |
Environment, Food and Rural Affairs Department for Environment, Food and Rural Affairs The Department for Environment, Food and Rural Affairs is the government department responsible for environmental protection, food production and standards, agriculture, fisheries and rural communities in the United Kingdom... |
3,099 |
Foreign and Commonwealth Office Foreign and Commonwealth Office The Foreign and Commonwealth Office, commonly called the Foreign Office or the FCO is a British government department responsible for promoting the interests of the United Kingdom overseas, created in 1968 by merging the Foreign Office and the Commonwealth Office.The head of the FCO is the... |
1,859 |
Northern Ireland Office Northern Ireland Office The Northern Ireland Office is a United Kingdom government department responsible for Northern Ireland affairs. The NIO is led by the Secretary of State for Northern Ireland, and is based in Northern Ireland at Stormont House.-Role:... |
1,370 |
Law Officers' Departments Law Officers of the Crown The Law Officers of the Crown are the chief legal advisers to the Crown, and advise and represent the various governments in the United Kingdom and the other Commonwealth Realms. In England and Wales, Northern Ireland and most Commonwealth and colonial governments, the chief law officer of the... |
718 |
Departmental Expenditure Limit Reserve | 600 |
Unallocated Special Reserve | 400 |
Total resource budget | 493,896 |
See also
- United Kingdom budgetUnited Kingdom budgetThe United Kingdom budget 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.Adjustment is achieved with the GDP deflator....
- 2011 United Kingdom Budget2011 United Kingdom budgetThe 2011 United Kingdom budget, officially called 2011 Budget - A strong and stable economy, growth and fairness, was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on 23 March 2011....
- Economy of the United KingdomEconomy of the United KingdomThe economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and seventh-largest measured by purchasing power parity , and the third-largest in Europe measured by nominal GDP and second-largest measured by PPP...
- Countries of the United Kingdom by GVA per capita
- Government spending in the United KingdomGovernment spending in the United KingdomCentral government spending in the United Kingdom, also called public expenditure, is the responsibility of the UK government, the Scottish Government, the Welsh Government and the Northern Ireland Executive...
- United Kingdom national debtUnited Kingdom national debtThe British public debt is the money borrowed by the Government of the United Kingdom at any one time through the issue of securities by the British Treasury and other government agencies. The origins of the British national debt can be found during the reign of William III, who engaged a syndicate...
External links
- Where Does My Money Go
- BBC Budget 2009 Overview
- Telegraph.co.uk Budget 2009 coverage
- BBC Budget 2008 Overview
- Budget 2008 UK Budget 2008 from HM treasury
- Budget 2008 Analysis for Businesses
- HM Treasury and Department of Trade and Industry report on Productivity in the UKm March 2006
- HM Treasury Whole of Government Accounts development programme
- Government 'hides' billions wasted in public services, Sunday Times, 1 May 2005
- Better Government Initiative experts say billions wasted on services, Daily Telegraph, 24 November 2007
- Better Government Initiative
- PricewaterhouseCoopers budget coverage and analysis