Here's how every £100 of tax revenue is spent

Here's how every £100 of tax revenue is spent

The tax year has just ended on the 5th of April with tax receipts forecast to be £744 billion for 2017/18. Of this £744 billion, 62% is expected to come from Income tax, National Insurance contributions and VAT. 

Here is a breakdown of how every £100 of tax revenue is spent, based on the 2016/17 PESA report. The 2017/18 PESA report will be published later this year. 

Breakdown of £100

  • £24.30 on Welfare (excluding pensions)
  • £20.30 on Healthcare
  • £12.90 on Pensions 
  • £12.30 on Education 
  • £5.50 on National Debt Interest 
  • £5.20 on Defence
  • £4.20 on Public Order and Safety
  • £4.20 on Transport
  • £2.50 on Business & Industry
  • £2.10 on Government Administration
  • £1.60 on Environment
  • £1.60 on Culture
  • £1.50 on Housing and Utilities
  • £1.10 on Overseas Aid
  • £0.70 on Contributions to the EU Budget

 

Image provided by Carlos Delgado 

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