Budget 2005 Summary Leaflet | Where taxpayers' money is spent

			Budget 2005 Summary Investing for our future: Fairness and opportunity for Britain's hard-working families


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 £519 billion this year, around £8,700 for every man, woman and child in the UK. It is set to rise to £549 billion in 2006-07 and to £580 billion in 2007-08.

Total managed expenditure - £519 billion

pie chart depicting where taxpayers' money is spent

¹ Includes spending on general public services; recreation, culture, media and sport; 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, 2005-06 near-cash projections. Figures may not sum to total due to rounding.

Total receipts - £487 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, 2005-06 projections. Figures may not sum to total due to rounding.