Jan 22, 2025 · The current budget deficit can be considered as borrowing to fund day-to-day public sector activities. This makes up £10.0 billion of the £17.8 billion total borrowing in December 2024. This means that the public sector spent £10.0 billion more on the provision of day-to-day public services than it received in taxes and other current receipts.

Jan 17, 2025 · The current budget deficit was £61 billion in 2023/24, equivalent to 2.2% of GDP. The government has targets for the public finances – often know as ‘fiscal rules’ or ‘fiscal targets’. The Chancellor has proposed revising one of the rules, so it focuses on the current budget deficit.

Jan 22, 2025 · UK borrows 17.8 bln pounds in December Economists had forecast deficit of 14.1 bln pounds ONS cites debt interest, one-off military homes payment Finance minister: public finances are fixed, will ...

Jan 22, 2025 · The budget deficit totaled £17.8 billion ($21.9 billion) in December, more than double the £7.7 billion recorded a year earlier and the highest for the month since the pandemic, the Office for ...

Jan 31, 2022 · UK general government gross debt was £2,223.0 billion at the end of March 2021, equivalent to 103.7% of gross domestic product (GDP). UK general government deficit (or net borrowing) was...

UK general government gross debt was £2,720.8 billion at the end of Quarter 4 (Oct to Dec) 2023, equivalent to 101.3% of gross domestic product (GDP). UK general government deficit (or net...

The United Kingdom recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2023. Government Budget in the United Kingdom averaged -2.80 percent of GDP from 1948 until 2023, reaching an all time high of 4.80 percent of GDP in 1949 and a record low of -15.10 percent of GDP in 2020.