The UK reported a GBP 25.9 billion budget deficit in July of 2020 compared to a GBP 2.3 billion surplus a year earlier and expectations of a GBP 29.3 billion shortfall. Excluding public sector-owned banks, borrowing was GBP 26.7 billion, GBP 28.3 billion more than in July 2019 and the fourth highest borrowing in any month on record. Borrowing in the first four months of this financial year (April to July 2020) is estimated to have been GBP 150.5 billion, GBP 128.4 billion more than in the same period last year and the highest borrowing in any April to July period on record, with each of the months from April to July being records. Meanwhile, public sector net debt excluding public sector banks was GBP 2,004.0 billion, GBP 227.6 billion more than at the same point last year and exceeding GBP 2 trillion for the first time.

Government Budget Value in the United Kingdom averaged -4715.08 GBP Million from 1993 until 2020, reaching an all time high of 12363 GBP Million in January of 2019 and a record low of -47953 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 September of 2020. source: Office for National Statistics

Government Budget Value in the United Kingdom is expected to be -42400.00 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 -22600.00 in 12 months time.

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United Kingdom Public Sector Net Borrowing

Actual Previous Highest Lowest Dates Unit Frequency
-25944.00 -28782.00 12363.00 -47953.00 1993 - 2020 GBP Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-05-22 06:00 AM Apr £-61.36B £-14B £-35B £-30.4B
2020-06-19 06:00 AM May £-54.5B £-47.77B £-47.3B £-45.6B
2020-07-21 06:00 AM Jun £-34.8B £-44.7B £-34.3B £-37.8B
2020-08-21 06:00 AM Jul £-25.9B £-28.8B £-29.3B £-30.2B
2020-09-25 06:00 AM Aug £-25.9B £-35.1B £-34.4B
2020-10-21 06:00 AM Sep £-42.4B
2020-11-20 07:00 AM Oct £-49.7B
2020-12-22 07:00 AM Nov £-55.6B

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 80.70 82.40 82.90 21.70 percent [+]
Government Budget -1.80 -2.70 4.80 -10.20 percent of GDP [+]
Government Budget Value -25944.00 -28782.00 12363.00 -47953.00 GBP Million [+]
Government Spending 82686.00 96136.00 100275.00 32139.00 GBP Million [+]
Government Spending to GDP 39.30 40.00 46.40 34.60 percent [+]
Government Debt 2004.00 1983.80 2004.00 52.10 GBP Billion [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 91.00 [+]
Asylum Applications 2265.00 2085.00 5170.00 1175.00 persons [+]
Government Revenues 56571.00 54606.00 81034.00 17491.00 GBP 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”.