Budget balance in the United Kingdom in relation to gross domestic product (GDP) 2028
The budget balance in relation to the gross domestic product in the United Kingdom was forecast to continuously increase between 2023 and 2028 by in total one percentage points. According to this forecast in 2028, the budget balance will have increased for the eigth consecutive year to -3.51 percent.
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 expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more statistics on other topics about the United Kingdom with key insights such as growth of the real gross domestic product, number of employed people and budget balance.
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 expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more statistics on other topics about the United Kingdom with key insights such as growth of the real gross domestic product, number of employed people and budget balance.
