The UK's government budget deficit was equivalent to 14.9 percent of the country's GDP in 2020-21 fiscal year. source: Office for Budget Responsibility, UK

Government Budget in the United Kingdom averaged -2.67 percent of GDP from 1948 until 2020, reaching an all time high of 4.80 percent of GDP in 1949 and a record low of -14.90 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 December of 2021.

Government Budget in the United Kingdom is expected to reach -7.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Government Budget is projected to trend around -3.40 percent of GDP in 2022 and -2.60 percent of GDP in 2023, according to our econometric models.

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United Kingdom Government Budget


Related Last Previous Unit Reference
Government Debt to GDP 94.90 82.60 percent of GDP Dec/20
Government Budget -14.90 -2.50 percent of GDP Dec/20
Government Spending to GDP 52.00 39.10 percent of GDP Dec/20
United Kingdom Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.