Public sector net borrowing in the United Kingdom was estimated at 4.4% of the UK’s gross domestic product (GDP) in the 2023-24 financial year, 0.6 percentage points less than in the same twelve-month period a year ago. source: Office for Budget Responsibility, UK
The United Kingdom recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2023. Government Budget in the United Kingdom averaged -2.80 percent of GDP from 1948 until 2023, reaching an all time high of 4.80 percent of GDP in 1949 and a record low of -15.10 percent of GDP in 2020. This page provides - United Kingdom Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Government Budget - values, historical data and charts - was last updated on April of 2024.
The United Kingdom recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2023. Government Budget in the United Kingdom is expected to reach -3.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Government Budget is projected to trend around -2.70 percent of GDP in 2025 and -2.30 percent of GDP in 2026, according to our econometric models.