Budgets

What did Economic and fiscal outlook forecast, and what happened?

Forecast figures appear here once the OBR files are loaded. The HM Treasury documents are linked above.

OBR forecasts not loaded yet.

No GOV.UK budget page for this outlook. This is an OBR outlook with no Budget, shown lighter on the timeline.

OBR forecast not loaded yet

Forecast figures appear here once the OBR files are loaded. The HM Treasury documents are linked above. See Data health.

Fiscal rules at this event

Cyclically adjusted current budget
Target: Balance by the end of the rolling five-year forecast
Target year: Rolling five-year horizon
Outcome: Not assessed. The outcome for Cyclically adjusted current budget has not been assessed yet.
Charter for Budget Responsibility
Debt falling as a share of GDP
Target: Public sector net debt falling by the fixed target year
Target year: 2015-16
Outcome: Not assessed. The outcome for Debt falling as a share of GDP has not been assessed yet.
Charter for Budget Responsibility

No policy measures at this event. It updated the forecast only.

How to read these comparisons

Outturn figures are revised by the ONS for years after the event. Each difference uses the ONS release shown in Sources, and is updated when the ONS revises.
Changes to how things are classified, such as the treatment of student loans or the Bank of England's schemes, can move borrowing and debt without any change in policy. These are marked "Basis changed".
Each forecast assumes the policies in place at the time. Later policy changes are one reason outturns differ.
Large shocks, such as the pandemic and the energy price rise, account for many of the biggest differences. A forecast difference is not a broken promise.