Public sector net borrowing excluding public sector banks in the UK was £11.8 billion in August of 2022, £2.6 billion less than in July 2021, but £6.5 billion more than in pre-coronavirus August 2019. Figures compare with market forecasts of an £8.45 billion deficit. Central government expenditure of £73.2 billion was largely unchanged compared with August 2021, with a £1.5 billion increase in debt interest payable, a £1.7 billion rise in payment for goods and services and a £1.1 billion hike in net social benefit payments being offset by reductions elsewhere, including a £3.4 billion fall in subsidy payments. Debt interest payable was £8.2 billion, the highest August figure since monthly records began in April 1997, mainly due to the effect of Retail Prices Index changes on index-linked gilts. Meanwhile, government receipts were £69.6 billion, £5.6 billion more than a year earlier; of this, tax receipts were £51.4 billion, an increase of £3.9 billion compared with August 2021. source: Office for National Statistics

Government Budget Value in the United Kingdom averaged -5854.66 GBP Million from 1993 until 2022, reaching an all time high of 11943 GBP Million in January of 2022 and a record low of -51632 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 Ex Banks - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

Government Budget Value in the United Kingdom is expected to be -5200.00 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 Ex Banks is projected to trend around -7500.00 GBP Million in 2023 and -5700.00 GBP Million in 2024, according to our econometric models.

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United Kingdom Public Sector Net Borrowing Ex Banks



Related Last Previous Unit Reference
Government Budget Value -11820.00 -2870.00 GBP Million Aug 2022
Government Spending 112261.00 115663.00 GBP Million Jun 2022
Government Debt 2427.50 2416.80 GBP Billion Aug 2022
Tax Revenue 51430.00 59191.00 GBP Million Aug 2022
Fiscal Expenditure 73164.00 77123.00 GBP Million Aug 2022
Government Revenues 69625.00 79076.00 GBP Million Aug 2022

United Kingdom Public Sector Net Borrowing Ex Banks
In the UK, public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending. Total spending refers to current expenditure plus net investment (capital spending less capital receipts). Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”.
Actual Previous Highest Lowest Dates Unit Frequency
-11820.00 -2870.00 11943.00 -51632.00 1993 - 2022 GBP Million Monthly
Current Prices, NSA

News Stream
UK August Budget Gap Above Forecasts
Public sector net borrowing excluding public sector banks in the UK was £11.8 billion in August of 2022, £2.6 billion less than in July 2021, but £6.5 billion more than in pre-coronavirus August 2019. Figures compare with market forecasts of an £8.45 billion deficit. Central government expenditure of £73.2 billion was largely unchanged compared with August 2021, with a £1.5 billion increase in debt interest payable, a £1.7 billion rise in payment for goods and services and a £1.1 billion hike in net social benefit payments being offset by reductions elsewhere, including a £3.4 billion fall in subsidy payments. Debt interest payable was £8.2 billion, the highest August figure since monthly records began in April 1997, mainly due to the effect of Retail Prices Index changes on index-linked gilts. Meanwhile, government receipts were £69.6 billion, £5.6 billion more than a year earlier; of this, tax receipts were £51.4 billion, an increase of £3.9 billion compared with August 2021.
2022-09-21
UK Public Borrowing Declines in July
Public sector net borrowing excluding public sector banks in the UK was £4.9 billion in July 2022, £0.8 billion less than in July 2021, but £5.9 billion more than in pre-coronavirus (COVID-19) July 2019, which was in surplus by £0.9 billion. Central government receipts were £78.2 billion in July 2022, which was £6.1 billion more than in July 2021. Of these receipts, tax revenue increased by £4.6 billion to £58.6 billion. Central government current expenditure increased by £3.4 billion to £76.5 billion, largely because of a £2.3 billion increase in the interest payable on its debt compared with July 2021. Public sector net debt excluding public sector banks was £2,388.1 billion at the end of July 2022, or around 95.5% of gross domestic product, which is an increase of £188.4 billion or 1.4 percentage points of GDP compared with July 2021. .
2022-08-19
UK June Budget Gap 2nd Highest on Record
Public sector net borrowing excluding public sector banks in the UK was £22.9 billion in June 2022, which is the second-highest June borrowing since monthly records began in 1993 and £4.1 billion more than in June 2021. Central government receipts were £70.5 billion in June 2022, which is £7.9 billion more than in June 2021. Of these receipts, tax revenue increased by £5.1 billion to £51.4 billion. Central government current expenditure increased by £9.0 billion to £86.0 billion, largely because of a £10.3 billion increase in the interest payable on its debt compared with June 2021. Public sector net debt excluding public sector banks was £2,387.6 billion at the end of June 2022, or around 96.1% of gross domestic product, which is an increase of £183.0 billion or 1.0 percentage points of GDP compared with June 2021.
2022-07-21