What do governments spend money on? In the chart, we see spending in different categories, such as defense, health, and education, as a share of total government spending. This is shown for a selection of OECD countries. For some categories, such as public services, the share https://t.co/IBJ0QgoBLP
Ancien régime Europe certainly spent heavily on its armies and navies, and their use in war accounted for some 54 per cent of public spending in the European monarchies during the eighteenth century.
Government consumption spending, education spending, and health care spending overlap to some extent, but in total, without double counting, they still exceed 25 percent of U.S. GDP.
spending by America's Federal Government (adding in state and local governments significantly increased the total) was around 24% of national income whilst tax revenues were 15% of national income. That left a near-record peacetime budget deficit to be financed by borrowing of 9% of GDP.
DISTRIBUTION OF TOTAL RECEIPTS ACROSS DIFFERENT COMPONENTS (IN %) 2022-23 BE 2021-22 RE 2020-21 2019-20 2018-19 2017-18 2016-17 2015-16 2014-15 2013-14 2012-13 2011-12 2010-11 2009-10 0% 41 51 57 58 56 53 54 52 53 48 48 45 20% 40% 11 9 18 2 60% 14 12 13 10 1 2 41 80% 100% Tax Revenue Non Tax Revenue Recovery of Loans Other Receipts Borrowings and O
... See more