Government coronavirus spending: Where is all the money coming from?

Government coronavirus spending: Where is all the money coming from?

Where is the money coming from?

Government spending can be financed either by borrowing, or taxes.

In this case, the Government has increased its borrowing to reduce any long-term scarring effects in the economy.

Express.co.uk spoke to personal finance expert and channel director at moneyguru.com, Deborah Vickers, about where to Government has found the money to fund the nation through the coronavirus crisis.

She said: “We’re all thinking the same, and even casting our minds back a couple of weeks ago to The Budget, this was a huge question. Where is all of this money coming from?

“The Government will pay for all of this aid by borrowing.

Published at Mon, 30 Mar 2020 12:55:00 +0000