Aaron O'Neill
Research lead for society, economy, and politics: Europe & global
Get in touch with us nowBudget balance in the United Kingdom 2029
The budget balance in the United Kingdom was forecast to increase between 2024 and 2029 by in total 10.3 billion Pound Sterling. This overall increase does not happen continuously, notably not in 2028 and 2029. The budget balance is estimated to amount to -144.59 billion Pound Sterling in 2029.
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 the average inflation rate, the ratio of government expenditure to the gross domestic product, and the total population.
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 the average inflation rate, the ratio of government expenditure to the gross domestic product, and the total population.
