Public sector net borrowing in the United Kingdom was at £17.4 billion in November of 2021, the second-highest November borrowing since monthly records began in 1993 but narrowing from last year’s £22.2 billion gap and above market forecasts of £16.0 billion. Central government receipts were estimated at £61.1 billion, a £2.5 billion increase from November of last year; while expenditure came at £76.6 billion, £5.7 billion less. Public sector net borrowing shrank to £136.0 billion in the financial year-to-November of 2021, almost half or £115.8 billion less from the same period in 2020 but still nearly three times its level in the April-November period of 2019. Net debt excluding public sector banks was £2,317.7 billion at the end of the month, equivalent to 9.61% of GDP, a level not seen since the 1960’s. source: Office for National Statistics
Government Budget Value in the United Kingdom averaged -5832.54 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 January of 2022.
Government Budget Value in the United Kingdom is expected to be -17500.00 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 -10200.00 GBP Million in 2023 and -7840.00 GBP Million in 2024, according to our econometric models.