What Is MET Gov
MET Gov refers to the UK government’s framework for managing public finances, including HM Treasury, HMRC, and related bodies. It covers budgeting, taxation, spending, and fiscal rules that shape public services and economic policy.
Key Functions and Departments
HM Treasury sets fiscal policy, manages public spending, and oversees debt. HMRC collects taxes and enforces tax law. Other agencies handle public sector finance, procurement, and financial reporting across central government.
How Public Finance Works
The government raises revenue mainly through income tax, National Insurance, VAT, and corporation tax. Spending is allocated through annual budgets and supply estimates, with oversight from Parliament and independent bodies like the Office for Budget Responsibility.
Further Information
For official guidance on UK government finance, visit the GOV.UK finance section. This site provides policy papers, spending reviews, and data on taxation and public sector finances.
