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.
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IMF. (October 22, 2024). United Kingdom (UK): Budget balance from 2019 to 2029 (in billion pounds) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/270378/budget-balance-in-the-united-kingdom/
IMF. "United Kingdom (UK): Budget balance from 2019 to 2029 (in billion pounds)." Chart. October 22, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/270378/budget-balance-in-the-united-kingdom/
IMF. (2024). United Kingdom (UK): Budget balance from 2019 to 2029 (in billion pounds). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/270378/budget-balance-in-the-united-kingdom/
IMF. "United Kingdom (Uk): Budget Balance from 2019 to 2029 (in Billion Pounds)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/270378/budget-balance-in-the-united-kingdom/
IMF, United Kingdom (UK): Budget balance from 2019 to 2029 (in billion pounds) Statista, https://www.statista.com/statistics/270378/budget-balance-in-the-united-kingdom/ (last visited November 21, 2024)
United Kingdom (UK): Budget balance from 2019 to 2029 (in billion pounds) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/270378/budget-balance-in-the-united-kingdom/