UK Government Creates Database Of Public Spending

The UK coalition government's Treasury department has created an online public database of public spending.

The Guardian has reported that the Combined Online Information System (COINS) database has been published on data.gov.uk.

The information is a detailed record of the previous government's spending structure over last two financial years.

The 120GB database, which consists of total 24 million entries, is a detailed analysis of the source of the public money, the expenditure made by the government and where the money ends up.

This historical move was a part of the Conservative party's pre-election manifesto.

Prime Minister David Cameron has emphasised upon transparency in the government records which he says will make the government more accountable.

Danny Alexander, the new chief secretary to the Treasury, has welcomed the move and said that the new government will continue to release the data on yearly basis.