The UK public sector posted a £6.2 billion surplus in January of 2023, compared to a £13.3 billion surplus a year earlier. Tax receipts in January tend to be higher than in other months because of the UK self-assessment deadline. source: Office for National Statistics

Public Sector Net Borrowing in the United Kingdom averaged -5436.71 GBP Million from 1993 until 2023, reaching an all time high of 13333.00 GBP Million in January of 2022 and a record low of -50545.00 GBP Million in May of 2020. This page includes a chart with historical data for the United Kingdom Public Sector Net Borrowing. United Kingdom Public Sector Net Borrowing - values, historical data and charts - was last updated on March of 2023.

Public Sector Net Borrowing in the United Kingdom is expected to be -12600.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Public Sector Net Borrowing is projected to trend around -13600.00 GBP Million in 2024 and -12900.00 GBP Million in 2025, according to our econometric models.

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United Kingdom Public Sector Net Borrowing

Calendar GMT Actual Previous Consensus TEForecast
2023-01-24 07:00 AM Dec £-26.6B £-18.8B £-17.7B
2023-02-21 07:00 AM Jan £6.2B £-24.8B £2.2B
2023-03-21 07:00 AM Feb £6.2B £-10.4B

United Kingdom Public Sector Net Borrowing
In the UK, public sector net borrowing measures the change in the public sectors accruing net financial indebtedness. This represents the balance for the financial account: the difference between the net acquisition of financial assets and the net incurrence of liabilities. Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”.
Actual Previous Highest Lowest Dates Unit Frequency
6242.00 -24823.00 13333.00 -50545.00 1993 - 2023 GBP Million Monthly
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