Public sector net borrowing in the United Kingdom was GBP 20.5 billion in August 2021, GBP 5.5 billion less than a year earlier and compared with market expectations of GBP 15.6 billion. Still, it was the second-highest August borrowing since monthly records began in 1993. Central government receipts rose 9.5 percent to GBP 61.2 billion, spending fell 1.3 percent to GBP 79.6 billion. Public sector net borrowing was GBP 93.8 billion in the financial year-to-August 2021, the second highest financial year-to-August borrowing since monthly records began in 1993, but GBP 88.9 billion less than in the same period last year. source: Office for National Statistics

Government Budget Value in the United Kingdom averaged -5767.62 GBP Million from 1993 until 2021, reaching an all time high of 11506 GBP Million in January of 2019 and a record low of -52479 GBP Million in May of 2020. This page provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Public Sector Net Borrowing - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Government Budget Value in the United Kingdom is expected to be -32200.00 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 -12600.00 GBP Million in 2022 and -3840.00 GBP Million in 2023, according to our econometric models.

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United Kingdom Public Sector Net Borrowing

Actual Previous Highest Lowest Dates Unit Frequency
-20514.00 -6940.00 11506.00 -52479.00 1993 - 2021 GBP Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-22 06:00 AM May £-24.3B £-29.1B £-26.1B £-28.4B
2021-07-21 06:00 AM Jun £-22.8B £-20.6B £-21.5B £-22.2B
2021-08-20 06:00 AM Jul £-10.4B £-21.5B £-11.8B £-12.4B
2021-09-21 06:00 AM Aug £-20.5B £-6.9B £-15.6B £-14.2B
2021-10-21 06:00 AM Sep £-20.5B £-24.4B
2021-11-19 07:00 AM Oct
2021-12-21 07:00 AM Nov


News Stream
UK Government Borrowing Falls Less than Forecast
Public sector net borrowing in the United Kingdom was GBP 20.5 billion in August 2021, GBP 5.5 billion less than a year earlier and compared with market expectations of GBP 15.6 billion. Still, it was the second-highest August borrowing since monthly records began in 1993. Central government receipts rose 9.5 percent to GBP 61.2 billion, spending fell 1.3 percent to GBP 79.6 billion. Public sector net borrowing was GBP 93.8 billion in the financial year-to-August 2021, the second highest financial year-to-August borrowing since monthly records began in 1993, but GBP 88.9 billion less than in the same period last year.
2021-09-21
UK Budget Gap Narrows Sharply in July
Public sector net borrowing in the UK was estimated to have been £10.4 billion in July 2021; this was the second-highest July borrowing since monthly records began in 1993, but £10.1 billion less than in July 2020. Central government receipts were estimated at £70.0 billion, £9.5 billion more than in July 2020, while central government bodies spent £79.8 billion, £2.9 billion less than a year earlier. Public sector net borrowing was estimated to have been £78.0 billion in the financial year-to July 2021; this was the second-highest financial year-to-July borrowing since monthly records began in 1993, £61.6 billion less than in the same period last year. Public sector net debt was £2,216.0 billion or around 98.8% of GDP, the highest ratio since the 99.5% recorded in March 1962.
2021-08-20
UK Public Sector Borrowing Falls in June
Public sector net borrowing in the United Kingdom was GBP 22.8 billion in June 2021, GBP 5.5 billion less than a year earlier and compared with market expectations of GBP 21.5 billion, due to an increase in tax revenues. Still, this was the second-highest June borrowing since monthly records began in 1993, as the coronavirus pandemic had a substantial impact on public sector borrowing and debt. Central government receipts were GBP 9.5 billion higher than in June 2020, while spending was up at a slower GBP 2.5 billion. Public sector net borrowing declined to GBP 69.5 billion in the financial year-to-June 2021, from GBP 119.3 billion in the same period last year but still the second-highest financial year-to-June borrowing on record.
2021-07-21
UK Government Borrowing Falls More than Forecast
Public sector net borrowing in the United Kingdom was GBP 24.3 billion in May 2021, GBP 19.4 billion less than in May 2020 and compared with market expectations of GBP 26.1 billion, as the recent recovery in the economy boosted tax revenues and limited spending. Still, this was the second-highest May borrowing since monthly records began in 1993, as the coronavirus pandemic had a substantial impact on public sector borrowing and debt. Central government receipts were GBP 7.5 billion higher than in May 2020, while spending was down GBP 10.9 billion. Public sector net borrowing declined to GBP 53.4 billion in the financial year-to-May 2021, from GBP 91.1 billion in the same period last year but still the second-highest financial year-to-May borrowing since monthly records began in 1993.
2021-06-22

United Kingdom Public Sector Net Borrowing
In the UK, public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending (current expenditure plus net investment (capital spending less capital receipts)). Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”.