The given line graph compares the government spending on three sectors, namely – education, health and medical sectors from 2001 to the present, and gives projections till 2051.
It can be seen that in 2001, spending on education was the highest, with about 15% being spent on this sector. This expenditure has fallen slightly till the present time and is expected to fall further to 14% by 2021, after which it is projected to remain stable till 2051.
Approximately 11% was spent on medical care from 2001 to 2011, after which there has been an increase in the health budget, which is projected to continue till 2021. However, there are projections of a sharp downfall in the spending on medical care to about 4% by 2051.
The least proportion of spending was on pensions in 2001, which has remained stable till now and is expected to be stable till 2021. The expenditure on pensions is estimated to grow rapidly and become nearly 18% by 2051.
Overall, spending on education is forecast to remain stable, but that on health and pensions will show opposing trends in the future, with the former declining and the latter escalating.
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