CIMA BA1 Syllabus A. Macroeconomic And Institutional Context Of Business - Government Spending - Notes
Government Spending
The amount of money that a government plans to spend will depend on the attitude to government involvement in the economy and other factors such as the stage of the trade cycle.
The table below shows an example of government spending.
Country | Government expenditure (% of GDP) |
---|---|
Finland | 57 |
France | 57 |
Sweden | 50 |
Italy | 50 |
Spain | 44 |
Germany | 44 |
United Kingdom | 43 |
Czech Republic | 42 |
United States | 39 |
A government spends money on:
Pensions
Health Care
Education
Debt interest
Defence
Military defence
Civil defenceWelfare
Family and children
Unemployment
Housing
Social protectionProtection
Police services
Fire-protection services
Law courts
Prisons
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Syllabus A. Macroeconomic And Institutional Context Of Business
A1. Factors Affecting National Income
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Forms of direct and indirect taxation
Syllabus A. Macroeconomic And Institutional Context Of Business
A1. Factors Affecting National Income