The 2 pie charts separately illustrates the total tax revenue and the total expenditure by the UK government last year.
Overall, Income tax generated most of the revenue to the UK government last year. In the meantime, UK government spent most of their capital on pensions.
When it comes to the tax revenue, most of the money was generated by Income tax (28%), National Insurance (21%) and Value added tax (17%).The least contribution to the revenue was given by fuel duty, Business rates and Council tax amounting 5% each of the total revenue. Whereas, Corporation tax and others added 8% and 11% respectively to the total revenue.
On the other hand, the UK government spent most of their revenue on Pensions (20%), Healthcare (18%) and Welfare (17%).The least money was spent on General government (3%) and Transport (3%). While, money was spent on areas such as Education (14%), 7% of the revenue was spent defense and other spending. Whereas, 5% and 6% of the total revenue was spent on Protection and Interest payments on debt respectively.
