In 2025/26, the budgeted expenditure of the United Kingdom government is expected to be reach 1,335 billion British pounds, with the highest spending function being the 379 billion pounds expected to be spent on social protection, which includes pensions and other welfare benefits. Government spending on health was expected to be 277 billion pounds and was the second-highest spending function in this fiscal year, while education was the third-highest spending category at 146 billion pounds. UK government debt approaching 100 percent of GDP At the end of the 2024/25 financial year, the UK's government debt amounted to approximately 2.8 trillion British pounds, around 96 percent of GDP that year. This is due to the UK having to borrow money to cover its spending commitments, especially at the height of the COVID-19 pandemic, when this deficit amounted to 314.6 billion pounds. Without significant cuts to spending or tax rises, the current government is aiming to reduce this debt by creating a stronger, more productive economy. Though this is how Britain's post WW2 debt was reduced, the country faces far more structural problems to growth than it did in the mid 20th century. Income Tax the UK's main revenue source Income Tax is expected to raise approximately 329 billion British pounds in the 2025/26 financial year, and be the largest revenue source for the government that year. Value Added Tax (VAT) receipts are expected to raise 214 billion pounds, with National Insurance contributions reaching 199 billion pounds. Although National Insurance rates for employees has actually fallen recently, the rate which employers pay was one of the main tax rises announced in the Autumn 2024 budget, rising from 13.8 percent to 15 percent. Though this avoided raising tax for workers directly, many UK businesses were critical of the move, with taxation seen as the main issue facing them at the start of 2025.

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.

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.

UK: EU Budget: Revenue: Own Resources: National Contribution data was reported at 13,460.493 EUR mn in 2016. This records a decrease from the previous number of 18,209.421 EUR mn for 2015. UK: EU Budget: Revenue: Own Resources: National Contribution data is updated yearly, averaging 11,743.712 EUR mn from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 18,209.421 EUR mn in 2015 and a record low of 7,613.808 EUR mn in 2008. UK: EU Budget: Revenue: Own Resources: National Contribution data remains active status in CEIC and is reported by Financial Programming and Budget. The data is categorized under Global Database’s UK – Table UK.DG Financial Programming and Budget: European Union Budget.

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.

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

Forecast: Civil Government Budget Allocations for R&D for Economic Development Programmes in the UK 2023 - 2027 Discover more data with ReportLinker!

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.

UK: EU Budget: Exp: Sustainable Growth: Competitiveness data was reported at 1,833.077 EUR mn in 2016. This records an increase from the previous number of 1,589.582 EUR mn for 2015. UK: EU Budget: Exp: Sustainable Growth: Competitiveness data is updated yearly, averaging 1,116.532 EUR mn from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 1,833.077 EUR mn in 2016 and a record low of 639.239 EUR mn in 2007. UK: EU Budget: Exp: Sustainable Growth: Competitiveness data remains active status in CEIC and is reported by Financial Programming and Budget. The data is categorized under Global Database’s UK – Table UK.DG Financial Programming and Budget: European Union Budget.

UK: EU Budget: Exp: Compensations data was reported at 0.000 EUR mn in 2016. This stayed constant from the previous number of 0.000 EUR mn for 2015. UK: EU Budget: Exp: Compensations data is updated yearly, averaging 0.000 EUR mn from Dec 2007 (Median) to 2016, with 10 observations. UK: EU Budget: Exp: Compensations data remains active status in CEIC and is reported by Financial Programming and Budget. The data is categorized under Global Database’s UK – Table UK.DG Financial Programming and Budget: European Union Budget.

In 2024/25, the UK government spent approximately 13.3 percent of GDP on social protection, compared with 8.4 percent for health, and 4.1 percent for education. These three spending areas have accounted for the highest share of government spending since the late 1980s. Defence spending as a share of GDP has, by contrast, fallen throughout this period, from a high of 4.6 percent in 1984/85, to just 1.8 percent in the mid-2010s. Main sources of revenue During this same time period, income tax has been the most important source of revenue for the government, accounting for almost ten percent of GDP in the 2022/23 financial year. The UK's main tax levied on sales, Value Added Tax (VAT), was equivalent to 7.4 percent of GDP that year, with National Insurance Contributions at around seven percent of GDP. Taxes raised from businesses via Corporation Tax were the fourth-major source of tax revenue that year, at approximately 3.1 percent of GDP. Debt and borrowing Due to several years of the government spending more than it earns, the government has had to borrow large amounts to finance its commitments. This was especially the case at the height of the COVID-19 pandemic when, due to depressed revenues and increased expenditure, the government borrowed more than 314 billion pounds. This increased the national debt from 1.8 trillion pounds, to around 2.15 trillion pounds, or almost 97 percent of GDP.

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.

These are the tables from Annex C of the June 2010 Budget delivered by the Chancellor of the Exchequer on 22 June 2010. They were created by the Office for Budget Responsibility (OBR) as part of the Budget process to evaluate the economic position of the United Kingdom. They set out the OBR's economic and fiscal forecast to 2015-16.

Statistics relating to estimates of tax gaps - the difference between tax collected and that, which in HMRC's view, should be collected. The VAT gap estimate for 2012-13 relies on National Statistics produced by Office for National Statistics and also on the publication of revised forecasts for the UK economy by the Office for Budget Responsibility. Therefore, the second VAT gap estimate for 2012-13 will be published soon after Budget on 19th March 2014. Source agency: HM Revenue and Customs Designation: Official Statistics not designated as National Statistics Language: English Alternative title: Measuring Tax Gaps

UK: EU Budget: Expenditure data was reported at 7,051.553 EUR mn in 2016. This records a decrease from the previous number of 7,457.617 EUR mn for 2015. UK: EU Budget: Expenditure data is updated yearly, averaging 6,959.283 EUR mn from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 7,457.617 EUR mn in 2015 and a record low of 6,247.110 EUR mn in 2009. UK: EU Budget: Expenditure data remains active status in CEIC and is reported by Financial Programming and Budget. The data is categorized under Global Database’s UK – Table UK.DG Financial Programming and Budget: European Union Budget.

Government spending in the United Kingdom was last recorded at 44.4 percent of GDP in 2024 . This dataset provides the latest reported value for - United Kingdom Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

UK: EU Budget: Exp: Natural Resources data was reported at 3,832.191 EUR mn in 2016. This records an increase from the previous number of 3,788.507 EUR mn for 2015. UK: EU Budget: Exp: Natural Resources data is updated yearly, averaging 3,946.269 EUR mn from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 4,233.717 EUR mn in 2007 and a record low of 3,712.322 EUR mn in 2009. UK: EU Budget: Exp: Natural Resources data remains active status in CEIC and is reported by Financial Programming and Budget. The data is categorized under Global Database’s UK – Table UK.DG Financial Programming and Budget: European Union Budget.