The government of the United Kingdom borrowed approximately 121.9 billion British pounds in the 2023/24 financial year. In 2020/21, government borrowing was over 353 billion pounds, due to increased financial support to public services during the COVID-19 pandemic, combined with reduced revenue due to the lockdowns.
Total public sector net borrowing in the United Kingdom from 2000/01 to 2028/29
(in billion GBP)
Characteristic
Government borrowing in billion GBP (in real terms)
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Office for Budget Responsibility. (October 30, 2024). Total public sector net borrowing in the United Kingdom from 2000/01 to 2028/29 (in billion GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/282796/uk-government-borrowing/
Office for Budget Responsibility. "Total public sector net borrowing in the United Kingdom from 2000/01 to 2028/29 (in billion GBP)." Chart. October 30, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/282796/uk-government-borrowing/
Office for Budget Responsibility. (2024). Total public sector net borrowing in the United Kingdom from 2000/01 to 2028/29 (in billion GBP). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/282796/uk-government-borrowing/
Office for Budget Responsibility. "Total Public Sector Net Borrowing in The United Kingdom from 2000/01 to 2028/29 (in Billion Gbp)." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/282796/uk-government-borrowing/
Office for Budget Responsibility, Total public sector net borrowing in the United Kingdom from 2000/01 to 2028/29 (in billion GBP) Statista, https://www.statista.com/statistics/282796/uk-government-borrowing/ (last visited November 22, 2024)
Total public sector net borrowing in the United Kingdom from 2000/01 to 2028/29 (in billion GBP) [Graph], Office for Budget Responsibility, October 30, 2024. [Online]. Available: https://www.statista.com/statistics/282796/uk-government-borrowing/
