I am talking about UK government budget, should I use the word spending or expenditure? I want to sound casual rather than formal, but still technically correct.
I found this definition but I am not any wiser.
As nouns the difference between spending and expenditure is that spending is an amount that has been, or is planned to be spent while expenditure is (uncountable|countable) act of expending or paying out.
Specifically, I want to describe a budget as having spending x, receipts y and deficit z. Should I rather say expenditure x?