Public Finance

(asked on 3rd December 2025) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what estimate they have made of the level of (1) welfare spending, (2) tax receipt growth, and (3) day-to-day public services spending, in 2029–30.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 16th December 2025

According to the latest forecasts produced by the Office for Budget Responsibility (OBR), as part of the Economic and Fiscal Outlook (EFO) - Table A.7 and A.9:

(1) Welfare expenditure is forecast to be £389.4 billion in 2029-30.

(2) Tax receipts are forecast to be £1,483 billion in 2029-30.

(3) Day-to-day public services spending (PSCE in RDEL) is forecast to be £589.1 billion in 2029-30.

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