Public sector net borrowing is estimated to have been £8.8 billion in January 2021, £18.4 billion more than in January 2020, but below forecasts of a £24.5 billion gap. It was the biggest January borrowing since records began in 1993 and the first January deficit for 10 years. Central government tax receipts are estimated to have been £63.2 billion, £0.8 billion lower than in January 2020, with notable falls in VAT and Business Rates. Central government bodies are estimated to have spent £81.9 billion on day-to-day activities, £19.7 billion more than in January 2020, including £5.1 billion expenditure on coronavirus job support schemes. Public sector net borrowing in the first 10 months of this financial year (April 2020 to January 2021) is estimated to have been £270.6 billion, £222.0 billion more than in the same period last year and the highest public sector borrowing in any April to January period since records began in 1993. source: Office for National Statistics

Government Budget Value in the United Kingdom averaged -5424.17 GBP Million from 1993 until 2021, reaching an all time high of 11800 GBP Million in January of 2019 and a record low of -47234 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 February of 2021.

Government Budget Value in the United Kingdom is expected to be -4460.00 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 -10440.00 in 12 months time. In the long-term, the United Kingdom Public Sector Net Borrowing is projected to trend around -3840.00 GBP Million in 2022, according to our econometric models.

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United Kingdom Public Sector Net Borrowing

Actual Previous Highest Lowest Dates Unit Frequency
-8750.00 -26844.00 11800.00 -47234.00 1993 - 2021 GBP Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-20 07:00 AM Oct £-22.3B £-28.6B £-35.2B £-34B
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 09:30 AM Feb £-8.75B
2021-04-23 08:30 AM Mar
2021-05-25 08:30 AM Apr
2021-06-22 08:30 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

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 -8750.00 -26844.00 11800.00 -47234.00 GBP Million [+]
Government Spending 104228.00 97934.00 104646.00 33126.00 GBP Million [+]
Government Spending to GDP 39.30 40.00 46.40 34.60 percent [+]
Government Debt 2114.60 2131.60 2131.60 52.10 GBP Billion [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 90.00 [+]
Asylum Applications 3160.00 2790.00 5170.00 1175.00 persons [+]
Government Revenues 80287.00 61053.00 81082.00 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”.