The United Kingdom recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - United Kingdom Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Summary, reconciliation and revisions information on UK government deficit and debt figures by calendar and financial year.

This statistic shows the actual and forecasted current budget deficit in the United Kingdom (UK) from 2017/18 to 2023/24, as percentage of gross domestic product (GDP). The current budget is forecasted to reach -1.4 by 2023/24.

In 2024, the budget balance in relation to the gross domestic product (GDP) in the United Kingdom amounted to about -5.75 percent. Between 1980 and 2024, the figure dropped by approximately 2.91 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the budget balance will steadily grow by around 3.50 percentage points from 2024 to 2030.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

The United Kingdom recorded a government budget deficit of 17962 GBP Million in August of 2025. This dataset provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The government of the United Kingdom borrowed approximately ****percent worth of its GDP in the 2024/25 financial year, compared with ****percent in 2023/24. In 2020/21, government borrowing reached *****percent of GDP, due to increased financial support to public services during the COVID-19 pandemic, combined with reduced revenue because of societal lockdowns.

In 2024, the budget balance in the United Kingdom stood at about -208.37 billion U.S. dollars. Between 1980 and 2024, the figure dropped by approximately 199 billion U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the budget balance will steadily grow by around 106.18 billion U.S. dollars from 2024 to 2030.

View monthly updates and historical trends for UK Public Sector Current Budget Deficit. from United Kingdom. Source: Office for National Statistics. Track…

Key information about UK Consolidated Fiscal Balance: % of GDP

• United Kingdom Consolidated Fiscal Balance recorded a deficit equal to 5.3 % of its Nominal GDP in Sep 2024, compared with a deficit equal to 5.9 % in the previous quarter
• UK Consolidated Fiscal Balance to GDP data is updated quarterly, available from Mar 1987 to Sep 2024, with an average ratio of -3.5 %
• The data reached an all-time high of 2.2 % in Jun 2000 and a record low of -25.6 % in Jun 2020

• In the latest reports, UK National Government Debt reached 3,810.9 USD bn in Sep 2024
• UK Nominal GDP reached 786.4 USD bn in Mar 2023

The budget deficit in the United Kingdom was **** billion British pounds in November 2021, compared with ** billion pounds in the same month of 2020.

United Kingdom Central Government: Budget Deficit data was reported at -1,174.000 GBP mn in Sep 2018. This records an increase from the previous number of -2,319.000 GBP mn for Aug 2018. United Kingdom Central Government: Budget Deficit data is updated monthly, averaging -2,064.000 GBP mn from Jan 1993 (Median) to Sep 2018, with 309 observations. The data reached an all-time high of 17,443.000 GBP mn in Jan 2017 and a record low of -15,411.000 GBP mn in Apr 2013. United Kingdom Central Government: Budget Deficit data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.F005: ESA 2010: Public Sector Finances: Current Receipts and Expenditure: Central Government.

United Kingdom GG: Current Budget Deficit data was reported at -6,885.000 GBP mn in Jun 2018. This records a decrease from the previous number of 19,747.000 GBP mn for Mar 2018. United Kingdom GG: Current Budget Deficit data is updated quarterly, averaging -119.000 GBP mn from Mar 1946 (Median) to Jun 2018, with 290 observations. The data reached an all-time high of 23,294.000 GBP mn in Mar 2017 and a record low of -39,998.000 GBP mn in Dec 2010. United Kingdom GG: Current Budget Deficit data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.F007: ESA 2010: Public Sector Finances: Transactions: General Government.

This statistic shows the actual and forecasted current budget deficit in the United Kingdom (UK) from 2017/18 to 2023/24. The current budget deficit is forecasted to reach -1.3 percent during 2023/24.

International comparison of UK general government gross debt and general government deficit as percentage of GDP.

Estimates of government deficit and debt data tables, given to the European Commission in accordance with the Excessive Deficit Procedure (EDP), annexed to the Maastricht Treaty.

As of November 2021, the cumulative public sector budget deficit in the United Kingdom for the 2021/22 financial year stood at 106.2 billion British pounds, compared with 207.4 billion pounds in the same month of the 2020/21 financial year.

United Kingdom PSF: Budget Deficit data was reported at -4,340.000 GBP mn in Oct 2018. This records a decrease from the previous number of 920.000 GBP mn for Sep 2018. United Kingdom PSF: Budget Deficit data is updated monthly, averaging -2,247.000 GBP mn from Apr 1997 (Median) to Oct 2018, with 259 observations. The data reached an all-time high of 17,361.000 GBP mn in Jan 2017 and a record low of -12,666.000 GBP mn in Nov 2010. United Kingdom PSF: Budget Deficit data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.F001: ESA 2010: Public Sector Finances: Aggregates.

United Kingdom PSF: Budget Deficit: Excl Public Sector Banks data was reported at -5,195.000 GBP mn in Oct 2018. This records a decrease from the previous number of 65.000 GBP mn for Sep 2018. United Kingdom PSF: Budget Deficit: Excl Public Sector Banks data is updated monthly, averaging -2,450.000 GBP mn from Apr 1997 (Median) to Oct 2018, with 259 observations. The data reached an all-time high of 15,738.000 GBP mn in Jan 2017 and a record low of -13,962.000 GBP mn in Nov 2010. United Kingdom PSF: Budget Deficit: Excl Public Sector Banks data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.F001: ESA 2010: Public Sector Finances: Aggregates.