The budget deficit in the UK narrowed to GBP 5.8 billion in August 2019 from GBP 6.3 billion in the same month of the previous year and compared to market expectations of a GBP 6.65 billion gap. Excluding state-controlled banks, the public sector net borrowing was GBP 6.4 billion, GBP 0.5 billion less than in August 2018 and below forecasts of GBP 7.15 billion. Borrowing in the current financial year-to-date was GBP 31.2 billion, up 28 percent from the same period in 2018. Government Debt in the United Kingdom averaged -4356.92 GBP Million from 1993 until 2019, reaching an all time high of 12255 GBP Million in January of 2019 and a record low of -21053 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
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Calendar GMT Actual Previous Consensus TEForecast
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 £-5.77B £1.47B £-6.65B £-6.4B
2019-10-22 08:30 AM Public Sector Net Borrowing Sep £-5.77B £-3.2B
2019-11-21 09:30 AM Public Sector Net Borrowing Oct £-7.7B
2019-12-20 09:30 AM Public Sector Net Borrowing Nov £-7.1B


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 -1819.00 1953.00 18650.00 -16111.00 GBP Million [+]
Government Spending 99449.00 98387.00 99449.00 32139.00 GBP Million [+]
Government Spending to GDP 38.50 38.80 46.40 34.10 percent [+]
Government Debt -5766.00 1472.00 12255.00 -21053.00 GBP Million [+]
Military Expenditure 46883.00 46433.00 56163.00 25916.00 USD Million [+]
Credit Rating 94.83 [+]
Asylum Applications 2875.00 3165.00 5040.00 1655.00 persons [+]
Government Revenues 59213.00 68177.00 79907.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5766.00 1472.00 12255.00 -21053.00 1993 - 2019 GBP Million Monthly
NSA




Country Last Previous
Brazil 5617716.11 Aug/19
Canada 671.25 Dec/18
Euro Area 9859512.70 Dec/18
France 2375.40 Jun/19
Germany 1919173.74 Jun/19
Italy 2409910.10 Jul/19
Netherlands 424538.00 Jun/19
Russia 13538.30 Jun/19
Singapore 570683.40 Jun/19
South Africa 71035.00 Jun/19
Spain 1210915185.00 Jun/19
Switzerland 192446.00 Dec/19
Turkey 1248300.00 Aug/19
United Kingdom -5766.00 Aug/19
United States 22719402.00 Sep/19


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