Government spending is forecast to remain above revenues well into the second half of the 2020s

Government revenue and spending: out-turn and official March 2022 forecasts.

% of national income

60%

Forecast

Total government spending

50

40

Revenues

30

2000-01

2010-11

2020-21

Government revenue and spending: out-turn and official March 2022 forecasts.

% of national income

60%

Forecast

50

Total government spending

40

Revenues

30

2000-01

2005-06

2010-11

2015-16

2020-21

2025-26

Guardian graphic. Source: IFS analysis of data from Office for Budget Responsibility, Public Finances Databank. Note: current expenditure including depreciation.