The given line graph illustrates the percentage of expenditure on three different sectors, namely- education, medical care and pension in a specific nation from 2001 to the present time and also gives projections up to 2051.
It can be clearly seen from the graph that the government spending on medical care and pension will show an opposing trend, whereas the education sector showed a stable trend over the given 50 years.
In 2001, spending on education was the highest, with about 15% being spent on this sector. This expenditure then experienced a slight decrease to 14% in 2021, and after that is predicted to remain stable at this level till 2051.
The expenditure on medical care started at 11% in 2001, which was almost two times higher than the spending on pension sector. From 2001-2011, the expenditure in this sector remained the same, after that, there was an increase in the health sector and reached 12% in 2021. It is predicted that the spending in this sector show a sharp downfall to about 4% by 2051.
The lowest proportion of spending was on pensions in 2001, which was 6% and remained stable till 2021. This figure is expected to show a significant grow over the next 30 years and the spending on pension is reaching an all time high nearly 18% by 2051.