The budget deficit in the UK narrowed to GBP 3.26 billion in September 2018 from GBP 4.09 billion in the same month a year earlier and compared with market expectations of a 4.60 billion gap. Excluding state-controlled banks, the deficit declined to GBP 4.12 billion from GBP 4.96 billion and below market consensus of a GBP 4.958 billion gap. This was the smallest September borrowing since 2007. The improvement in UK public finances was driven by solid growth in receipts from sales and income taxes. In the first six months of the 2018/19 financial year, the budget deficit decreased to GBP 14.7 billion from GBP 23.15 billion. Public sector net debt stood at GBP 1.79 trillion at the end of September equivalent to 84.3 percent of GDP, compared with 86.7 percent in September last year. Government Debt in the United Kingdom averaged -4068.51 GBP Million from 1993 until 2018, reaching an all time high of 13254 GBP Million in January of 2017 and a record low of -19991 GBP Million in April of 2012.

United Kingdom Public Sector Net Borrowing
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-21 08:30 AM Public Sector Net Borrowing £2.872B £-3.313B £2.3B £-2.1B
2018-09-21 08:30 AM Public Sector Net Borrowing £-5.889B £3.936B £-2.85B £-2.4B
2018-10-19 08:30 AM Public Sector Net Borrowing £-3.26B £-4.76B £-4.60B £-3.2B
2018-11-21 09:30 AM Public Sector Net Borrowing £-3.26B £-5.7B
2018-12-21 09:30 AM Public Sector Net Borrowing £-5.4B

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 85.30 82.60 85.30 21.70 percent [+]
Government Budget -2.30 -3.80 4.80 -9.90 percent of GDP [+]
Government Budget Value -1174.00 -3242.00 17465.00 -15411.00 GBP Million [+]
Government Spending 92514.00 91937.00 92514.00 31579.00 GBP Million [+]
Government Spending to GDP 41.10 41.50 51.20 35.40 percent [+]
Government Debt -3259.00 -4759.00 13254.00 -19991.00 GBP Million [+]
Military Expenditure 48383.40 48118.90 58314.80 26944.20 USD Million [+]
Credit Rating 94.83 [+]
Asylum Applications 2925.00 2845.00 5040.00 1655.00 persons [+]
Government Revenues 56378.00 55604.00 74389.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3259.00 -4759.00 13254.00 -19991.00 1993 - 2018 GBP Million Monthly

Country Last
Brazil 5246734.28 Sep/18
Canada 671.25 Dec/18
Euro Area 9685501.30 Dec/17
France 2299.80 Jun/18
Germany 1771735.10 Sep/17
Italy 2331254.00 Sep/18
Netherlands 413628.00 Jun/18
Russia 12096.70 Jun/18
Singapore 527981.20 Jun/18
South Africa 70549.00 Jun/18
Spain 1163885055.00 Jun/18
Switzerland 197684.00 Dec/18
Turkey 1121170.00 Sep/18
United Kingdom -3259.00 Sep/18
United States 21702370.00 Oct/18