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An item in the British budget and government accounts consisting of expenditures which are estimated annually and voted in Parliament. It includes expenditure by government departments, such as defence, agriculture, including subsidies, the National Health Service, etc.
Reference: The Penguin Dictionary of Economics, 3rd edt.
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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >