An Overview of Government Spending

The video tutorial provides an overview of government spending, focusing on fiscal policy. It explains the different types of government spending: transfer payments, current spending, and capital spending. The tutorial discusses the allocation of government funds, with statistics from 2014/15 showing 7% on investment, 28% on transfer payments, and 65% on current spending. It emphasizes the importance of not only investing in new capital but also in workforce skills and health. Factors influencing government spending, such as politics, economic performance, demographics, and debt, are also explored.

Discuss the impact of demographics on government spending as mentioned in the text.

What challenges does the government face regarding borrowing and spending?

How does the timing of elections influence government spending decisions?