Taxation
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of providing citizens with a breakdown of what proportion of their tax payments are invested into each sector of the economy.
Answered by James Murray
The government regularly publishes a breakdown of total public tax receipts and total public sector spending. The most recent of these can be found in Annex B of the Spring Budget 2024 document, which is published on gov.uk here: Spring Budget 2024 - GOV.UK (www.gov.uk). Citizens can also see how this breakdown applies to their tax contributions via the Annual Tax Summary service which can be accessed here: Annual Tax Summary - GOV.UK (www.gov.uk)
A more detailed breakdown of current receipts, public sector current expenditure (PSCE) and public sector gross investment (PSGI), is set out in the Economic and Fiscal Outlook (EFO) published by the Office for Budget Responsibility (OBR). The most of recent of these can be found in Tables A5 and A7 in the EFO published in March 2024, alongside the Spring Budget. This can be found on the OBR’s website here: EFOs - Office for Budget Responsibility (obr.uk).
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