The UK's government budget deficit narrowed to 1.8 percent of GDP in 2018-19 fiscal year from 2.7 percent of GDP in the previous fiscal year.
Government Budget in the United Kingdom averaged -2.51 percent of GDP from 1948 until 2019, reaching an all time high of 4.80 percent of GDP in 1949 and a record low of -10.20 percent of GDP in 2010. This page provides - United Kingdom Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Office for Budget Responsibility, UK
Government Budget in the United Kingdom is expected to be -2.20 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Government Budget is projected to trend around -1.60 percent of GDP in 2020, according to our econometric models.