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

The United Kingdom recorded a Government Budget deficit equal to 5.10 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.

The government of the United Kingdom borrowed approximately *** percent 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.

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.

The United Kingdom recorded a government budget deficit of 17434 GBP Million in October of 2025. This dataset provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in the United Kingdom amounted to -5.75 percent. Between 1980 and 2024, the figure dropped by 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 3.51 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.

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

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

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

Quarterly transactions in trade in goods and services, primary, secondary and investment income, transactions with EU and non-EU countries and capital account.

Public sector net debt amounted to 93.5 percent of gross domestic product in the United Kingdom during the 2024/25 financial year. Following the COVID-19 pandemic, UK government debt has reached levels not seen since the early 1960s, due to a significant increase in borrowing in 2020/21. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44 percent of GDP. This spending was financed by 1.14 trillion pounds of revenue raised, and almost 150 billion pounds of borrowing. Although the UK government can continue to borrow money to finance its spending, the amount spent on debt interest has increased significantly in recent years. Current forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and also held back on more significant cuts to welfare.

The statistical significance of the mean revision to public sector finances statistics over a nine-year period.

The United Kingdom recorded a Government Debt to GDP of 93.60 percent of the country's Gross Domestic Product in 2024. This dataset provides - United Kingdom Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United Kingdom Current Account Balance: % of GDP

• United Kingdom Current Account deficit accounted for 3.8 % of the country's Nominal GDP in Jun 2025, compared with a 2.8 % deficit in the previous quarter.
• UK Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1955 to Jun 2025, with an average value of 58.0 %.
• The data reached an all-time high of 78.7 % in Sep 2022 and a record low of 35.7 % in Sep 1975.

• In the latest reports of UK, Current Account recorded a deficit of 38.7 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) fell by 7.4 USD bn in Jun 2025.
• UK Direct Investment Abroad expanded by 84.2 USD mn in Jun 2025.
• Its Foreign Portfolio Investment increased by 26.1 USD bn in Jun 2025.
• The country's Nominal GDP was reported at 1,029.9 USD bn in Sep 2025.

The United Kingdom recorded a trade deficit of 1094 GBP Million in September of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the budget balance in the United Kingdom amounted to -208.37 billion U.S. dollars. Between 1980 and 2024, the figure dropped by 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 106.63 billion U.S. dollars from 2024 to 2030.

Monthly and long-term United Kingdom Fiscal Balance data: historical series and analyst forecasts curated by FocusEconomics.

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

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.

The United Kingdom recorded a Current Account deficit of 28939 GBP Million in the second quarter of 2025. This dataset provides the latest reported value for - United Kingdom Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.