Public Expenditure

(asked on 13th January 2015) - View Source
Questioner
Portrait
John Hemming
(Liberal Democrat - Birmingham, Yardley)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the (a) UK total managed expenditure in nominal sterling, (b) gross domestic product in nominal sterling and (c) percentage total managed expenditure is expressed as a percentage of the gross domestic product; and what the reasons are for the variances from the Public Expenditure Statistical analysis published by his Department in 2014.

Answered by
Portrait
Danny Alexander
This question was answered on 21st January 2015

All these data are available from the Office for Budget Responsibility’s databank, including the Office for National Statistics outturn data (published 22nd November 2014) and the Office for Budget Responsibility’s independent forecast (consistent with the Economic and Fiscal Outlook December 2014 and the Autumn Statement 2014).

  1. UK Total Managed Expenditure in nominal sterling.

2009-10

2010-11

2011-12

2012-13

2013-14

TME outturn (£bn)

680.6

700.9

701.2

717.9

719.9

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

TME forecast (£bn)

737.1

746.2

746.7

751.3

765.3

779.9

  1. Gross Domestic Product in nominal sterling.

2009-10

2010-11

2011-12

2012-13

2013-14

Nominal GDP outturn (£bn)

1501.7

1,576.2

1,628.5

1,663.2

1,733.0

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

Nominal GDP forecast (£bn)

1,822.0

1,888.0

1,956.0

2,038.0

2,124.0

2,215.0

  1. Total Managed Expenditure expressed as a percentage of the gross domestic product.

2009-10

2010-11

2011-12

2012-13

2013-14

TME outturn (%GDP)

45.3

44.5

43.1

43.2

41.5

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

TME forecast (%GDP)

40.5

39.5

38.2

36.9

36.0

35.2

Variances when comparing the most up to date figures set out above against the Public Expenditure Statistical Analysis (command paper) are due to these figures including the latest outturn data, incorporating the latest forecast judgement by the Office for Budget Responsibility and the latest classification changes made by the Office for National Statistics.

Since the Public Expenditure Statistical Analysis was published in July 2014 the Office for Budget Responsibility has published their latest forecast in their December 2014 Economic and Fiscal Outlook. The Office for National Statistics regularly update outturn, at a various points in the year, for total managed expenditure and gross domestic product.

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