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.