Public sector net borrowing in the UK is estimated to have been £28.0 billion in March 2021, £21.0 billion more than in March 2020, beating forecasts of £22.5 billion. It is the highest March borrowing since monthly records began in 1993. Public sector net borrowing in the financial year-to-March 2021 is estimated to have been £303.1 billion, £246.1 billion more than in the same period of 2020 and the highest nominal public sector borrowing in any financial year since records began in 1947. It is equivalent to 14.5% of the GDP, the highest ratio since the end of World War Two. Central government tax receipts are estimated to have been £523.6 billion, £34.2 billion lower than in the FYE March 2020, with notable falls in taxes such as VAT, Business Rates and Fuel Duty. Central government bodies are estimated to have spent £941.7 billion on day-to-day activities, £203.2 billion more than in the FYE March 2020; this includes £78.2 billion expenditure on Coronavirus job support schemes. source: Office for National Statistics

Government Budget Value in the United Kingdom averaged -5490.21 GBP Million from 1993 until 2021, reaching an all time high of 11791 GBP Million in January of 2019 and a record low of -47276 GBP Million in April 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 May of 2021.

Government Budget Value in the United Kingdom is expected to be -32600.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in the United Kingdom to stand at -17500.00 in 12 months time.

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United Kingdom Public Sector Net Borrowing

Actual Previous Highest Lowest Dates Unit Frequency
-28005.00 -16046.00 11791.00 -47276.00 1993 - 2021 GBP Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-22 07:00 AM Dec £-34.1B £-26.1B £-32.1B £-30B
2021-02-19 07:00 AM Jan £-8.75B £-26.8B £-24.5B £-26B
2021-03-19 07:00 AM Feb £-19.1B £-3.1B £-21B £-20.2B
2021-04-23 06:00 AM Mar £-28B £-16B £-22.5B £-22.0B
2021-05-25 06:00 AM Apr £-28B
2021-06-22 06:00 AM May
2021-07-21 06:00 AM Jun
2021-08-20 06:00 AM Jul

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 100.20 84.40 100.20 21.70 percent [+]
Government Budget -16.90 -2.60 4.80 -16.90 percent of GDP [+]
Government Budget Value -28005.00 -16046.00 11791.00 -47276.00 GBP Million [+]
Government Spending 106683.00 104020.00 106683.00 33126.00 GBP Million [+]
Government Spending to GDP 54.40 39.80 54.40 34.50 percent [+]
Government Debt 2141.70 2131.20 2141.70 52.10 GBP Billion [+]
Asylum Applications 3160.00 2790.00 5170.00 1175.00 persons [+]
Government Revenues 65089.00 65821.00 82617.00 17491.00 GBP Million [+]
Credit Rating 90.00 [+]
Military Expenditure 49916.00 49892.00 59766.00 28272.00 USD Million [+]


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”.