The UK government recorded an £18.6 billion deficit in its public finances in April of 2022, the first month of the new financial year, higher than market expectations of £17.9 billion, and the fourth-largest April borrowing since monthly records began in 1993. Central government receipts were £70.2 billion, of which tax receipts were £50.2 billion and current expenditure was £76 billion with the additional £3 billion cost of the Council Tax rebate payments being offset by reductions in other areas of expenditure, including subsidies and transfers to local government. Net cash requirement (excluding UK Asset Resolution Ltd and Network Rail) was £2.4 billion in April 2022, £28.1 billion less than in April 2021. Net debt excluding public sector banks was £2,347.7 billion at the end of April 2022, or around 95.7% of GDP, an increase of £179.1 billion or 0.9 percentage points of GDP compared with April 2021. source: Office for National Statistics
Government Budget Value in the United Kingdom averaged -5806.26 GBP Million from 1993 until 2022, reaching an all time high of 11495 GBP Million in January of 2019 and a record low of -51875 GBP Million in May 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 Ex Banks - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Government Budget Value in the United Kingdom is expected to be -14800.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Public Sector Net Borrowing Ex Banks is projected to trend around -7500.00 GBP Million in 2023 and -5700.00 GBP Million in 2024, according to our econometric models.