The budget deficit in the UK widened to GBP 6.50 billion in June of 2019 from GBP 2.68 billion in the same month of the previous year and compared to market expectations of a GBP 3.20 billion shortfall. Excluding state-controlled banks, the gap rose to GBP 7.15 billion from GBP 3.32 a year ago, the highest June borrowing since 2015. Borrowing in the latest full financial year (April 2019 to June 2019) totalled GBP 17.9 billion, more GBP 4.5 billion than in the same period last year; remaining the lowest borrowing for that period since 2007. Debt went up by GBP 27.0 billion from a year earlier to GBP 1,818.1 billion, equivalent to 83.1 percent of gross domestic product. Government Debt in the United Kingdom averaged -4003.54 GBP Million from 1993 until 2019, reaching an all time high of 14532 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 -3200.00 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 -3780.00 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
2019-04-24 08:30 AM Public Sector Net Borrowing Mar £-0.84B £0.51B £0.4B £-1.2B
2019-05-22 08:30 AM Public Sector Net Borrowing Apr £-4.97B £0.96B £-5.1B £-3.4B
2019-06-21 08:30 AM Public Sector Net Borrowing May £-4.46B £-6.15B £-5.10B £-2.8B
2019-07-19 08:30 AM Public Sector Net Borrowing Jun £-6.50B £-3.82B £-3.20B £-3.2B
2019-08-21 08:30 AM Public Sector Net Borrowing Jul £-6.50B £5.1B
2019-09-20 08:30 AM Public Sector Net Borrowing Aug £-6.4B
2019-10-22 08:30 AM Public Sector Net Borrowing Sep £ -3.2B


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 -4426.00 -2429.00 19203.00 -15378.00 GBP Million [+]
Government Spending 93644.00 92919.00 93644.00 31579.00 GBP Million [+]
Government Spending to GDP 38.50 38.80 46.40 34.10 percent [+]
Government Debt -6500.00 -3822.00 14532.00 -19956.00 GBP Million [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 94.83 [+]
Asylum Applications 3315.00 3720.00 5040.00 1655.00 persons [+]
Government Revenues 58697.00 56684.00 78738.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6500.00 -3822.00 14532.00 -19956.00 1993 - 2019 GBP Million Monthly
NSA




Country Last Previous
Brazil 5480569.48 May/19
Canada 671.25 Dec/18
Euro Area 9859512.70 Dec/18
France 2315.30 Dec/18
Germany 1927156.39 Mar/19
Italy 2364663.30 May/19
Netherlands 406577.00 Mar/19
Russia 12803.20 Mar/19
Singapore 561896.00 Mar/19
South Africa 68588.00 Mar/19
Spain 1200257869.00 Mar/19
Switzerland 192446.00 Dec/19
Turkey 1219800.00 Jun/19
United Kingdom -6500.00 Jun/19
United States 22023283.00 Jun/19


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