Budget 2004 Summary Leaflet | Where taxpayers' money is spent

			Budget 2004 Summary Prudence for a purpose: A Britain of stability and strength


Homepage Key Budget measures include Maintaining a stable economy High quality public services	Productivity and enterprise in a flexible economy Employment opportunity for all Building a fairer society Protecting the environment	Household income Where taxpayers' money is spent Further information Visit HM Treasury Site

Total public spending is expected to be around £488 billion in 2004-05, around £8,000 for every man, woman and child in the UK. It is set to rise to £520 billion in 2005-06 and to £549 billion in 2006-07.

Total managed expenditure - £488 billion

pie chart depicting where taxpayers' money is spent

1 Other expenditure includes spending on general public services; recreation, culture and religion; international co-operation and development; public service pensions; plus spending yet to be allocated and some accounting adjustments.
2 Social protection includes tax credit payments in excess of an individual's tax liability.
Source: HM Treasury, 2004-05 near-cash projections. Figures may not sum to total due to rounding.

Total receipts - £455 billion

pie chart depicting where taxes come from

1 Includes capital taxes, stamp duties, vehicle excise duties and some other tax and non-tax receipts (e.g. interest and dividends).
Source: HM Treasury, 2004-05 projections. Figures may not sum to total due to rounding.