Britain's public sector net borrowing excluding public sector banks was GBP 36.1 billion in September of 2020, GBP 28.4 billion more than in September 2019 and the third-highest borrowing in any month since records began in 1993. Tax receipts fell by GBP 6 billion to GBP 37.7 billion, with large falls in Value Added Tax (VAT), Business Rates and Corporation Tax receipts. Spending increased by GBP 18.1 billion to GBP 77.8 billion, including GBP 4.9 billion in Coronavirus Job Retention Scheme (CJRS) and GBP 1 billion in Self Employment Income Support Scheme (SEISS) payments. Borrowing in the first six months of this financial year (April to September 2020) is estimated to have been GBP 208.5 billion, GBP 174.5 billion more than in the same period last year and the highest borrowing in any April to September period; each of the six months from April to September 2020 were also records. source: Office for National Statistics

Government Budget Value in the United Kingdom averaged -5296.88 GBP Million from 1993 until 2020, reaching an all time high of 11767 GBP Million in January of 2019 and a record low of -47890 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 October of 2020.

Government Budget Value in the United Kingdom is expected to be -20460.00 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 -32200.00 in 12 months time.

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United Kingdom Public Sector Net Borrowing

Actual Previous Highest Lowest Dates Unit Frequency
-36101.00 -30113.00 11767.00 -47890.00 1993 - 2020 GBP Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
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 £-35.9B £-15.4B £-35.1B £-34.4B
2020-10-21 06:00 AM Sep £-36.1B £-30.1B £-33.6B £-32.4B
2020-11-20 07:00 AM Oct £-36.1B £-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 -36101.00 -30113.00 11767.00 -47890.00 GBP Million [+]
Government Spending 85728.00 100390.00 104464.00 33126.00 GBP Million [+]
Government Spending to GDP 39.30 40.00 46.40 34.60 percent [+]
Government Debt 2059.70 2027.40 2059.70 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 52469.00 54512.00 81215.00 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”.