The United Kingdom recorded a Government Budget deficit equal to 5.10 percent of the country's Gross Domestic Product in 2024. Government Budget in the United Kingdom averaged -2.81 percent of GDP from 1948 until 2024, reaching an all time high of 4.80 percent of GDP in 1949 and a record low of -14.70 percent of GDP in 2020. source: Office for Budget Responsibility, UK
Government Budget in the United Kingdom is expected to reach -3.60 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Government Budget is projected to trend around -3.00 percent of GDP in 2027 and -2.60 percent of GDP in 2028, according to our econometric models.