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.