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4.5.3 Public sector finances

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Question 10

Using the data in the charts and tables below, calculate the size of Osteria's forecast budget deficit for the financial year 2025/2026.

Osteria's forecast revenue and expenditure charts

Forecast Government Revenue: Osteria (2025/2026)

Source of RevenueAmount (£ bn)
Income Tax215
National Insurance135
Value Added Tax (VAT)145
Corporation Tax75
Other Taxes60
Total Revenue630

Forecast Government Expenditure: Osteria (2025/2026)

Area of ExpenditureAmount (£ bn)
Social Security & Pensions265
National Health Service185
Education115
Defence & Public Order65
Other Expenditure155
Total Expenditure785
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4.5.3 Public sector finances Questions

  1. A Level
  2. /Economics
  3. /4.5.3 Public sector finances