The pie charts below show the sources of UK tax revenue for last year and the total UK government spending for last year.
The first pie chart compares the share of seven various sources of
tax
revenue
, whereas
the second one illustrates the way in which money was distributed in different sectors in the United Kingdom last
year.
Overall
, what stands out from the diagrams is that the highest amount of money was generated through income tax
. Besides
, pensions were the field in which the government allocated the most funds.
Regarding the first graph, national insurance, income tax
, and value-added tax
were the biggest sources of UK tax
revenue
, with 21%, 28%, and 17% respectively, whereas
council tax
, business rates, and fuel duty had the least share with altogether 15% of the gross fund. When it comes to corporation tax
, it accounted for a little less than 8%, and the remaining 11% of total revenue
was gained through a wide range of other fields.
Focusing on the second one, the highest proportions of revenue
were allotted to pensions, health care, welfare, and education which all together were responsible for 69% of the total revenue
. However
, protection, transport, and general government had the lowest percentage among others, and all of them were less than 5%. Defence, interest payments on debt and other expenditures all together were responsible for 20% of overall
money.Submitted by writingbhos on
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