Budget 2003 Summary Leaflet | Protecting the environment

			Budget 2003 Summary Building a Britain of economic strength and social justice


Homepage Key Budget measures include Maintaining economic stability Productivity and enterprise in a flexible economy	Employment opportunity for all Building a fairer society High quality public services Protecting the environment	Household income Where taxpayers' money is spent Further information Visit HM Treasury Site

Total public spending is expected to be around £456 billion this year, around £7,700 for every man, woman and child in the UK. It is set to rise to £485 billion in 2004-05 and to £517 billion in 2005-06.

Total managed expenditure - £456 billion

pie chart image of where taxpayers' money is spent

1 Includes spending on central administration, culture, media and sport, international cooperation and development and public service pensions plus spending yet to be allocated and some accounting adjustments.
2 Social protection includes social security plus tax credit payments in excess of an individual's tax liability.
Source: HM Treasury, 2003-04 near-cash projections. Figures may not sum to total due to rounding.

Total receipts - £428 billion

pie chart image of where taxes come from

1 Includes capital taxes, stamp duties, vehicle excise duties and some other tax and non-tax receipts (e.g. interest and dividends).
Source: HM Treasury, 2003-04 projections. Figures may not sum to total due to rounding.