Public sector net borrowing excluding public sector banks in the UK was £13.5 billion in October of 2022, £4.4 billion more than in October 2021 and the fourth highest October borrowing since monthly records began in 1993. Total expenditure rose by £6.5 billion to £91.2 billion, as it included the first indemnity payment from Treasury to the Bank of England Asset Purchase Facility Fund and the first payments under the government's energy support schemes to households and to domestic energy suppliers. However, the costs of the energy bills relief scheme for businesses was not included in the October’s estimate due to a lack of data so far. That is one of the reasons why figures came below market forecasts of a £22 billion deficit, and will probably lead to a revision next month. Meanwhile, total receipts were £77.6 billion, £0.68 billion lower than a year earlier. Tax receipts were £51.7 billion, £2.5 billion more than in October 2021. source: Office for National Statistics
Government Budget Value in the United Kingdom averaged -5946.60 GBP Million from 1993 until 2022, reaching an all time high of 11945.00 GBP Million in January of 2022 and a record low of -51451.00 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 November of 2022.
Government Budget Value in the United Kingdom is expected to be -23300.00 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.