The budget deficit in the UK widened to GBP 7.96 billion in October 2018 from GBP 6.37 billion in the same month a year earlier and larger an expected 5.35 billion gap. Excluding state-controlled banks, the deficit rose to GBP 8.82 billion from GBP 7.24 billion, also above market consensus of a GBP 6.15 billion gap. This was the biggest October shortfall for three years, mainly driven by an increase in government expenditure on goods and services, as well as social benefits. Meanwhile, tax receipts continued to grow robustly. Still, for the first seven months of the 2018/19 financial year, the budget deficit narrowed sharply by 30 percent to GBP 26.7 billion, the lowest in 13 years. Debt stood at GBP 1.79 trillion at the end of October equivalent to 84 percent of GDP, a decrease of 2.7 percentage points on October 2017. Government Debt in the United Kingdom averaged -4075.35 GBP Million from 1993 until 2018, reaching an all time high of 13262 GBP Million in January of 2017 and a record low of -19991 GBP Million in April of 2012.

Government Debt in the United Kingdom is expected to be -1420.00 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 -3200.00 in 12 months time. In the long-term, the United Kingdom Public Sector Net Borrowing is projected to trend around -2460.00 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
2018-08-21 08:30 AM Public Sector Net Borrowing £2.872B £-3.313B £2.3B £-2.1B
2018-09-21 08:30 AM Public Sector Net Borrowing £-5.889B £3.936B £-2.85B £-2.4B
2018-10-19 08:30 AM Public Sector Net Borrowing £-3.26B £-4.76B £-4.60B £-3.2B
2018-11-21 09:30 AM Public Sector Net Borrowing £-7.956B £-1.981B £-5.7B
2018-12-21 09:30 AM Public Sector Net Borrowing £-7.956B £-7.05B £-5.4B
2019-01-22 09:30 AM Public Sector Net Borrowing £ -1.4B
2019-02-21 09:30 AM Public Sector Net Borrowing


United Kingdom Government Last Previous Highest Lowest Unit
Government Debt to GDP 85.30 82.60 85.30 21.70 percent [+]
Government Budget -2.30 -3.80 4.80 -9.90 percent of GDP [+]
Government Budget Value -3357.00 -18.00 17451.00 -15411.00 GBP Million [+]
Government Spending 92514.00 91937.00 92514.00 31579.00 GBP Million [+]
Government Spending to GDP 41.10 41.50 51.20 35.40 percent [+]
Government Debt -7956.00 -1981.00 13262.00 -19991.00 GBP Million [+]
Military Expenditure 48383.40 48118.90 58314.80 26944.20 USD Million [+]
Credit Rating 94.83 [+]
Asylum Applications 2925.00 2845.00 5040.00 1655.00 persons [+]
Government Revenues 59931.00 56758.00 74375.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-7956.00 -1981.00 13262.00 -19991.00 1993 - 2018 GBP Million Monthly
NSA




Country Last Previous
Brazil 5231391.55 Oct/18
Canada 671.25 Dec/18
Euro Area 9685501.30 Dec/17
France 2299.80 Jun/18
Germany 1771735.10 Sep/17
Italy 2334401.40 Oct/18
Netherlands 413628.00 Jun/18
Russia 12096.70 Jun/18
Singapore 535829.00 Sep/18
South Africa 70549.00 Jun/18
Spain 1175703594.00 Sep/18
Switzerland 197684.00 Dec/18
Turkey 1083483.00 Oct/18
United Kingdom -7956.00 Oct/18
United States 21850094.00 Nov/18


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