The budget surplus in the UK widened to a record GBP 15.76 billion in January 2019 from GBP 10.17 billion in the same month a year earlier and compared to market expectations of GBP 11.05 billion. Excluding state-controlled banks, the surplus increased to GBP 14.90 billion, also the largest since monthly records began in 1993, as income and capital gains tax receipts were up 14 percent. Considering the first 10 months of the financial year, the budget deficit narrowed 47 percent to GBP 21.2 billion, the smallest gap since the 10 months to January 2001. Debt rose to GBP 1.78 trillion at the end of January, equivalent to 82.6 percent of GDP, compared to GBP 1.74 trillion January 2018. Government Debt in the United Kingdom averaged -4004.68 GBP Million from 1993 until 2019, reaching an all time high of 15759 GBP Million in January of 2019 and a record low of -19956 GBP Million in April of 2012.

Government Debt in the United Kingdom is expected to be -1240.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Debt in the United Kingdom to stand at -2840.00 in 12 months time. In the long-term, the United Kingdom Public Sector Net Borrowing is projected to trend around -2440.00 GBP Million in 2020, according to our econometric models.

United Kingdom Public Sector Net Borrowing
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-21 09:30 AM Public Sector Net Borrowing £-7.956B £-1.981B £-5.7B
2018-12-21 09:30 AM Public Sector Net Borrowing £-6.35B £-5.57B £-7.05B £-5.4B
2019-01-22 09:30 AM Public Sector Net Borrowing £-2.11B £-6.25B £-1.05B £ -1.4B
2019-02-21 09:30 AM Public Sector Net Borrowing £15.759B £-2.11B £11.05B £10.5B
2019-03-21 09:30 AM Public Sector Net Borrowing £15.759B £0.05B £-0.2B
2019-04-24 08:30 AM Public Sector Net Borrowing £ -1.2B
2019-05-22 08:30 AM Public Sector Net Borrowing £-3.4B


United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 84.70 85.10 85.10 21.80 percent [+]
Government Budget -2.00 -2.30 4.80 -9.90 percent of GDP [+]
Government Budget Value 19422.00 1430.00 19422.00 -15378.00 GBP Million [+]
Government Spending 92768.00 91488.00 92768.00 31579.00 GBP Million [+]
Government Spending to GDP 38.50 38.80 46.40 34.10 percent [+]
Government Debt 15759.00 -2142.00 15759.00 -19956.00 GBP Million [+]
Military Expenditure 48383.40 48118.90 58314.80 26944.20 USD Million [+]
Credit Rating 94.83 [+]
Asylum Applications 3840.00 3310.00 5040.00 1655.00 persons [+]
Government Revenues 79391.00 59568.00 79391.00 17298.00 GBP Million [+]


United Kingdom Public Sector Net Borrowing

In the United Kingdom, net borrowing or net lending is the difference between the net acquisition of financial assets and the net incurrence of liabilities. This page provides the latest reported value for - United Kingdom Public Sector Net Borrowing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Public Sector Net Borrowing - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15759.00 -2142.00 15759.00 -19956.00 1993 - 2019 GBP Million Monthly
NSA




Country Last Previous
Brazil 5302682.27 Jan/19
Canada 671.25 Dec/18
Euro Area 9685501.30 Dec/17
France 2322.30 Sep/18
Germany 1771735.10 Sep/17
Italy 2358007.70 Jan/19
Netherlands 409205.00 Sep/18
Russia 12131.60 Sep/18
Singapore 546699.50 Dec/18
South Africa 67998.00 Sep/18
Spain 1175703594.00 Sep/18
Switzerland 192446.00 Dec/19
Turkey 1126210.00 Feb/19
United Kingdom 15759.00 Jan/19
United States 22115526.00 Feb/19


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