The budget surplus in the UK narrowed to GBP 2.0 billion in July 2019 from GBP 4.2 billion in the same month of the previous year and compared to market expectations of a GBP 2.65 billion surplus. Excluding state-controlled banks, the public sector had a borrowing surplus of GBP 1.3 billion, GBP 2.2 billion less surplus than in July 2018. Tax receipts were slightly up, while government spending increased 4.2 percent on the back of purchases of goods and services and staff costs. For the first four months of the financial year starting in April, Britain has borrowed GBP 16.0 billion, up 60 percent compared with a year ago. Government Debt in the United Kingdom averaged -3983.32 GBP Million from 1993 until 2019, reaching an all time high of 14628 GBP Million in January of 2019 and a record low of -19956 GBP Million in April of 2012.

Government Debt in the United Kingdom is expected to be -3200.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Debt in the United Kingdom to stand at -3780.00 in 12 months time. In the long-term, the United Kingdom Public Sector Net Borrowing is projected to trend around -2440.00 GBP Million in 2020, according to our econometric models.

United Kingdom Public Sector Net Borrowing
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-22 08:30 AM Public Sector Net Borrowing Apr £-4.97B £0.96B £-5.1B £-3.4B
2019-06-21 08:30 AM Public Sector Net Borrowing May £-4.46B £-6.15B £-5.10B £-2.8B
2019-07-19 08:30 AM Public Sector Net Borrowing Jun £-6.50B £-3.82B £-3.20B £-3.2B
2019-08-21 08:30 AM Public Sector Net Borrowing Jul £1.97B £-5.67B £2.65B £5.1B
2019-09-24 08:30 AM Public Sector Net Borrowing Aug £1.97B £-6.4B
2019-10-22 08:30 AM Public Sector Net Borrowing Sep £-3.2B
2019-11-21 09:30 AM Public Sector Net Borrowing Oct £-7.7B

United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 84.70 85.10 85.10 21.80 percent [+]
Government Budget -2.00 -2.30 4.80 -9.90 percent of GDP [+]
Government Budget Value 2652.00 -3362.00 19309.00 -15378.00 GBP Million [+]
Government Spending 94259.00 93644.00 94259.00 31579.00 GBP Million [+]
Government Spending to GDP 38.50 38.80 46.40 34.10 percent [+]
Government Debt 1971.00 -5672.00 14628.00 -19956.00 GBP Million [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 94.83 [+]
Asylum Applications 3425.00 4090.00 5040.00 1655.00 persons [+]
Government Revenues 67887.00 59486.00 79062.00 17298.00 GBP Million [+]

United Kingdom Public Sector Net Borrowing

In the United Kingdom, net borrowing or net lending is the difference between the net acquisition of financial assets and the net incurrence of liabilities. This page provides the latest reported value for - United Kingdom Public Sector Net Borrowing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Public Sector Net Borrowing - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1971.00 -5672.00 14628.00 -19956.00 1993 - 2019 GBP Million Monthly

Country Last Previous
Brazil 5540964.87 Jul/19
Canada 671.25 Dec/18
Euro Area 9859512.70 Dec/18
France 2358.90 Mar/19
Germany 1927156.39 Mar/19
Italy 2386196.60 Jun/19
Netherlands 406577.00 Mar/19
Russia 12803.20 Mar/19
Singapore 570683.40 Jun/19
South Africa 68588.00 Mar/19
Spain 1200257869.00 Mar/19
Switzerland 192446.00 Dec/19
Turkey 1215765.00 Jul/19
United Kingdom 1971.00 Jul/19
United States 22460467.00 Aug/19