_(St_Edwards_Crown).svg) | |
| Presented | Wednesday 19 March 2014 |
|---|---|
| Country | United Kingdom |
| Parliament | 55th |
| Party | Coalition government |
| Chancellor | George Osborne |
| Total revenue | £648 billion ($1.1 trillion) (39% of 2014 GDP) |
| Total expenditures | £732 billion ($1.2 trillion) (42% of 2014 GDP) |
| Deficit | £84 billion (5% of 2014 GDP) |
| Website | Budget 2014 documents |
‹ 2013 2015› | |
The2014 United Kingdom budget was delivered byGeorge Osborne, theChancellor of the Exchequer, to theHouse of Commons on Wednesday, 19 March 2014.
It was the fifth budget of theConservative–Liberal Democrat coalition government formed after the2010 general election, and also the fifth to be delivered by Osborne.[1][2][3][4]
| Receipts | 2014-15 Revenues (£bn) |
|---|---|
| Income Tax | 167 |
| National Insurance | 110 |
| Value Added Tax (VAT) | 111 |
| Corporate Tax | 41 |
| Excise duties | 47 |
| Council Tax | 27 |
| Business rates | 27 |
| Other | 118 |
| Total Government revenue | 648 |
| Department | 2014-15 Expenditure (£bn) |
|---|---|
| Social protection | 222 |
| Health | 140 |
| Education | 98 |
| Debt interest | 53 |
| Defence | 38 |
| Public order and safety | 32 |
| Personal social services | 31 |
| Housing and Environment | 25 |
| Transport | 23 |
| Industry, agriculture and employment | 17 |
| Other | 53 |
| Total Government spending | 732 |
