Public sector net debt excluding banks in the United Kingdom was £2,536.9 billion or around 99.2 percent of GDP at the end of April 2023, with the debt-to-GDP ratio at levels last seen in the early 1960s; excluding the Bank of England, debt was £2,273.6 billion or around 88.9 percent of GDP, £263.2 billion lower than the wider measure. source: Office for National Statistics

Government Debt in the United Kingdom averaged 932.85 GBP Billion from 1975 until 2023, reaching an all time high of 2536.90 GBP Billion in April of 2023 and a record low of 52.10 GBP Billion in March of 1975. This page provides the latest reported value for - United Kingdom Public Sector Net Borrowing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Public Sector Net Debt Ex Banks - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Government Debt in the United Kingdom is expected to be 2500.00 GBP Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United Kingdom Public Sector Net Debt Ex Banks

Related Last Previous Unit Reference
Government Budget Value -25560.00 -20843.00 GBP Million Apr 2023
Government Spending 110602.00 113383.00 GBP Million Mar 2023
Government Debt 2536.90 2530.20 GBP Billion Apr 2023
Government Revenues 77460.00 88992.00 GBP Million Apr 2023

United Kingdom Public Sector Net Debt Ex Banks
In the United Kingdom, public sector net debt excluding public sector banks (PSND ex) represents the amount of money the public sector owes to private sector organisations including overseas institutions, largely as a result of issuing gilts and Treasury Bills, minus the amount of cash and other short-term assets it holds. Public sector net debt (PSND) is often referred to by commentators as “the national debt”.
Actual Previous Highest Lowest Dates Unit Frequency
2536.90 2530.20 2536.90 52.10 1975 - 2023 GBP Billion Monthly
Current Prices, NSA