At the same time, the share devoted to spending on defence has fallen, as has the share devoted to spending on a number of other areas (notably housing and net debt interest costs). The following pie chart depicts the expenditure of a state government under. Read more, while education spending has been relatively stable. (i) If the total spending is 10 crores, how much money was spent on roads. It is the monetary value of all market production in a particular area (usually a country) in a given period (usually a year). Health spending has grown steadily to account for an ever-increasing share of GDP Gross domestic product (GDP) is a measure of an economy’s size. We see similar trends if we instead look at spending as a share of GDP Gross domestic product (GDP) is a measure of an economy’s size. Another is the steady reduction in net debt interest costs as a share of GDP Gross domestic product (GDP) is a measure of an economy’s size.
One notable trend is a more than doubling of social security spending as a share of GDP Gross domestic product (GDP) is a measure of an economy’s size. The chart below shows how spending on each of these components has changed over time. The remainder can be split into government investment (around 5% of the total) and (net) interest costs on government debt (around 3% of the total). Around a quarter of all spending is on social security, such as universal credit and the state pension. Around two-thirds of the total is ‘day-to-day’ spending on public services, such as the NHS, schools and prisons.
This can be broken down into a number of broad components. The total amount of money that the government spends each year is called total managed expenditure (TME). Two-thirds of spending is on public services
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