Public expenditure

Updated: Aug 20, 2021

Spending by central government, local authorities and public enterprises on goods and services (including capital formation). Subsidies and grants and debt servicing. In 1981-2 total U.K. public expenditure on capita! and current account amounted to over £120,000 million, excluding current expenditure on goods and services on operating account of public enterprises.

Reference: The Penguin Dictionary of Economics, 3rd edt.

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James Knight
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James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.