Central government spending

Cards (4)

  • Large part of government spending
    Welfare related spending, personal social services, health, education and social protection account
  • Debt interest
    interest the government pays on the national debt that has accumulated over hundreds of years
  • government debt
    money that governments borrow to finance long term projects
  • UK debt has built up over years including borrowed money during wartime. A source of income and debt. Pay annual interest on the debt and pay some of the debt from time to time