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