Public sector net borrowing is estimated to have been £19.1 billion in February 2021, £17.6 billion more than in February 2020, but below forecasts of £21 billion. Still, it is the highest February borrowing since monthly records began in 1993. Central government tax receipts are estimated to have been £46.2 billion, £1.5 billion lower than in February 2020, with notable falls in taxes on production such as VAT, Business Rates and Fuel Duty. Self-assessed Income Tax receipts were £4.2 billion, £0.9 billion more than a year earlier. Central government bodies are estimated to have spent £72.6 billion on day-to-day activities, £14.2 billion more than in February 2020; this includes £3.9 billion expenditure on coronavirus job support schemes. Considering the financial year-to-February 2021, public sector net borrowing is estimated to have been £278.8 billion, £228.2 billion more than in the same period last year and the highest public sector borrowing since records began in 1993. source: Office for National Statistics

Government Budget Value in the United Kingdom averaged -5434.91 GBP Million from 1993 until 2021, reaching an all time high of 11791 GBP Million in January of 2019 and a record low of -47155 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 April of 2021.

Government Budget Value in the United Kingdom is expected to be -22000.00 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 -18440.00 in 12 months time.

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United Kingdom Public Sector Net Borrowing

Actual Previous Highest Lowest Dates Unit Frequency
-19147.00 -3128.00 11791.00 -47155.00 1993 - 2021 GBP Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-12-22 07:00 AM Nov £-31.6B £-21.7B £-30B £-28.6B
2021-01-22 07:00 AM Dec £-34.1B £-26.1B £-32.1B £-30B
2021-02-19 07:00 AM Jan £-8.75B £-26.8B £-24.5B £-26B
2021-03-19 07:00 AM Feb £-19.1B £-3.1B £-21B £-20.2B
2021-04-23 06:00 AM Mar £-19.1B £-22.0B
2021-05-25 06:00 AM Apr
2021-06-22 06:00 AM May
2021-07-21 06:00 AM Jun

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 100.20 84.40 100.20 21.70 percent [+]
Government Budget -16.90 -2.60 4.80 -16.90 percent of GDP [+]
Government Budget Value -19147.00 -3128.00 11791.00 -47155.00 GBP Million [+]
Government Spending 104020.00 97527.00 104646.00 33126.00 GBP Million [+]
Government Spending to GDP 54.40 39.80 54.40 34.50 percent [+]
Government Debt 2131.20 2115.00 2131.20 52.10 GBP Billion [+]
Military Expenditure 49916.00 49892.00 59766.00 28272.00 USD Million [+]
Credit Rating 90.00 [+]
Asylum Applications 3160.00 2790.00 5170.00 1175.00 persons [+]
Government Revenues 63187.00 81218.00 81218.00 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”.