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4.5.3 Public sector finances

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Question 5

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

Forecast Government Receipts: Valeria (2025/2026)

Source of RevenueAmount (£ bn)
Income Tax215.4
National Insurance Contributions142.8
Value Added Tax (VAT)138.5
Corporation Tax84.2
Excise Duties & Other Revenues63.1

Forecast Government Spending: Valeria (2025/2026)

Area of ExpenditureAmount (£ bn)
Social Protection & Pensions285.6
National Health Service182.4
Education & Childcare114.3
Defence & National Security62.7
Public Infrastructure & Transport74.8
Debt Interest Payments51.2
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4.5.3 Public sector finances Questions

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