The United Kingdom recorded a Government Budget deficit equal to 5.50 percent of the country's Gross Domestic Product in the 2022/2023 fiscal year. source: Office for Budget Responsibility, UK
Government Budget in the United Kingdom averaged -2.78 percent of GDP from 1948 until 2022, reaching an all time high of 4.80 percent of GDP in 1949 and a record low of -15.00 percent of GDP in 2020. This page provides - United Kingdom Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Government Budget - values, historical data and charts - was last updated on August of 2023.
Government Budget in the United Kingdom is expected to reach -5.10 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Government Budget is projected to trend around -3.20 percent of GDP in 2024 and -2.80 percent of GDP in 2025, according to our econometric models.