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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
United Kingdom Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -2.70 4.80 -10.20 1948 - 2019 percent of GDP Yearly

United Kingdom Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.80 82.60 82.90 21.70 percent [+]
Government Budget -1.80 -2.70 4.80 -10.20 percent of GDP [+]
Government Budget Value -493.00 -1114.00 18681.00 -16111.00 GBP Million [+]
Government Spending 98715.00 99354.00 99354.00 32139.00 GBP Million [+]
Government Spending to GDP 39.30 40.00 46.50 34.50 percent [+]
Government Debt -4040.00 -4195.00 12668.00 -21052.00 GBP Million [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 92.00 [+]
Asylum Applications 4415.00 4120.00 5170.00 1655.00 persons [+]
Government Revenues 62220.00 58446.00 80038.00 17298.00 GBP Million [+]