United Kingdom Government BudgetUnited Kingdom Government BudgetUnited Kingdom Government Budget

United Kingdom Government Budget

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Key data points


Last release
Observation period
2023
Next release
Forecast
Highest
4.80% on Dec 31, 1949
Lowest
−15.10% on Dec 31, 2020

About United Kingdom Government Budget


Category
Government
Frequency
Annual
Units
%
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.