Office for Budget Responsibility
What does the full record show?
Outturn and forecast by financial year, £bn. Forecast vintage: March 2026 Economic and fiscal outlook.
Public sector net borrowing
| Financial year | Outturn | Forecast |
|---|---|---|
| 1946-47 | £0.6bn | — |
| 1947-48 | £0.1bn | — |
| 1948-49 | −£0.5bn | — |
| 1949-50 | −£0.6bn | — |
| 1950-51 | −£0.5bn | — |
| 1951-52 | −£0.1bn | — |
| 1952-53 | £0.2bn | — |
| 1953-54 | £0.4bn | — |
| 1954-55 | £0.3bn | — |
| 1955-56 | £0.0bn | — |
| 1956-57 | £0.1bn | — |
| 1957-58 | £0.0bn | — |
| 1958-59 | £0.1bn | — |
| 1959-60 | £0.6bn | — |
| 1960-61 | £0.7bn | — |
| 1961-62 | £0.6bn | — |
| 1962-63 | £0.5bn | — |
| 1963-64 | £0.9bn | — |
| 1964-65 | £0.7bn | — |
| 1965-66 | £0.6bn | — |
| 1966-67 | £1.0bn | — |
| 1967-68 | £1.6bn | — |
| 1968-69 | £0.3bn | — |
| 1969-70 | −£0.9bn | — |
| 1970-71 | −£0.3bn | — |
| 1971-72 | £0.6bn | — |
| 1972-73 | £1.9bn | — |
| 1973-74 | £3.4bn | — |
| 1974-75 | £5.6bn | — |
| 1975-76 | £7.7bn | — |
| 1976-77 | £7.0bn | — |
| 1977-78 | £6.4bn | — |
| 1978-79 | £8.7bn | — |
| 1979-80 | £8.5bn | — |
| 1980-81 | £11.5bn | — |
| 1981-82 | £6.0bn | — |
| 1982-83 | £8.5bn | — |
| 1983-84 | £11.8bn | — |
| 1984-85 | £12.5bn | — |
| 1985-86 | £9.0bn | — |
| 1986-87 | £8.7bn | — |
| 1987-88 | £5.1bn | — |
| 1988-89 | −£5.5bn | — |
| 1989-90 | £0.1bn | — |
| 1990-91 | £7.3bn | — |
| 1991-92 | £23.8bn | — |
| 1992-93 | £46.3bn | — |
| 1993-94 | £51.3bn | — |
| 1994-95 | £43.9bn | — |
| 1995-96 | £35.5bn | — |
| 1996-97 | £28.9bn | — |
| 1997-98 | £10.6bn | — |
| 1998-99 | £0.1bn | — |
| 1999-00 | −£11.4bn | — |
| 2000-01 | −£16.3bn | — |
| 2001-02 | £5.6bn | — |
| 2002-03 | £35.0bn | — |
| 2003-04 | £43.5bn | — |
| 2004-05 | £51.7bn | — |
| 2005-06 | £45.4bn | — |
| 2006-07 | £40.9bn | — |
| 2007-08 | £45.1bn | — |
| 2008-09 | £116.3bn | — |
| 2009-10 | £159.6bn | — |
| 2010-11 | £142.0bn | — |
| 2011-12 | £122.1bn | — |
| 2012-13 | £123.6bn | — |
| 2013-14 | £102.4bn | — |
| 2014-15 | £98.1bn | — |
| 2015-16 | £80.1bn | — |
| 2016-17 | £57.1bn | — |
| 2017-18 | £61.4bn | — |
| 2018-19 | £44.1bn | — |
| 2019-20 | £58.8bn | — |
| 2020-21 | £310.8bn | — |
| 2021-22 | £116.0bn | — |
| 2022-23 | £123.8bn | — |
| 2023-24 | £135.2bn | — |
| 2024-25 | £149.8bn | — |
| 2025-26 | £134.3bn | — |
| 2026-27 | — | £115.5bn |
| 2027-28 | — | £96.5bn |
| 2028-29 | — | £86.0bn |
| 2029-30 | — | £63.4bn |
| 2030-31 | — | £59.0bn |
Public sector net debt
| Financial year | Outturn | Forecast |
|---|---|---|
| 1974-75 | £52.1bn | — |
| 1975-76 | £64.7bn | — |
| 1976-77 | £73.6bn | — |
| 1977-78 | £79.5bn | — |
| 1978-79 | £88.6bn | — |
| 1979-80 | £98.2bn | — |
| 1980-81 | £113.8bn | — |
| 1981-82 | £125.2bn | — |
| 1982-83 | £132.5bn | — |
| 1983-84 | £143.6bn | — |
| 1984-85 | £157.0bn | — |
| 1985-86 | £162.5bn | — |
| 1986-87 | £167.8bn | — |
| 1987-88 | £167.4bn | — |
| 1988-89 | £153.7bn | — |
| 1989-90 | £151.9bn | — |
| 1990-91 | £151.1bn | — |
| 1991-92 | £165.8bn | — |
| 1992-93 | £201.9bn | — |
| 1993-94 | £249.8bn | — |
| 1994-95 | £290.0bn | — |
| 1995-96 | £322.1bn | — |
| 1996-97 | £347.0bn | — |
| 1997-98 | £360.4bn | — |
| 1998-99 | £363.1bn | — |
| 1999-00 | £353.3bn | — |
| 2000-01 | £322.0bn | — |
| 2001-02 | £330.6bn | — |
| 2002-03 | £369.2bn | — |
| 2003-04 | £404.5bn | — |
| 2004-05 | £460.9bn | — |
| 2005-06 | £499.4bn | — |
| 2006-07 | £535.2bn | — |
| 2007-08 | £567.2bn | — |
| 2008-09 | £787.2bn | — |
| 2009-10 | £1,027.9bn | — |
| 2010-11 | £1,168.7bn | — |
| 2011-12 | £1,261.1bn | — |
| 2012-13 | £1,366.2bn | — |
| 2013-14 | £1,461.1bn | — |
| 2014-15 | £1,552.3bn | — |
| 2015-16 | £1,595.0bn | — |
| 2016-17 | £1,714.6bn | — |
| 2017-18 | £1,760.1bn | — |
| 2018-19 | £1,778.0bn | — |
| 2019-20 | £1,814.8bn | — |
| 2020-21 | £2,157.7bn | — |
| 2021-22 | £2,379.7bn | — |
| 2022-23 | £2,542.7bn | — |
| 2023-24 | £2,684.1bn | — |
| 2024-25 | £2,806.7bn | — |
| 2025-26 | £2,916.8bn | — |
| 2026-27 | — | £3,053.1bn |
| 2027-28 | — | £3,191.4bn |
| 2028-29 | — | £3,319.4bn |
| 2029-30 | — | £3,427.1bn |
| 2030-31 | — | £3,513.7bn |
Public sector current receipts
| Financial year | Outturn | Forecast |
|---|---|---|
| 1946-47 | £3.6bn | — |
| 1947-48 | £3.9bn | — |
| 1948-49 | £4.9bn | — |
| 1949-50 | £5.3bn | — |
| 1950-51 | £5.5bn | — |
| 1951-52 | £5.9bn | — |
| 1952-53 | £6.2bn | — |
| 1953-54 | £6.3bn | — |
| 1954-55 | £6.6bn | — |
| 1955-56 | £7.0bn | — |
| 1956-57 | £7.5bn | — |
| 1957-58 | £7.9bn | — |
| 1958-59 | £8.3bn | — |
| 1959-60 | £8.4bn | — |
| 1960-61 | £8.9bn | — |
| 1961-62 | £10.0bn | — |
| 1962-63 | £10.4bn | — |
| 1963-64 | £11.1bn | — |
| 1964-65 | £12.3bn | — |
| 1965-66 | £13.8bn | — |
| 1966-67 | £15.0bn | — |
| 1967-68 | £16.6bn | — |
| 1968-69 | £19.1bn | — |
| 1969-70 | £21.3bn | — |
| 1970-71 | £23.1bn | — |
| 1971-72 | £24.8bn | — |
| 1972-73 | £26.5bn | — |
| 1973-74 | £30.0bn | — |
| 1974-75 | £38.3bn | — |
| 1975-76 | £48.5bn | — |
| 1976-77 | £57.1bn | — |
| 1977-78 | £63.8bn | — |
| 1978-79 | £71.0bn | — |
| 1979-80 | £86.7bn | — |
| 1980-81 | £103.0bn | — |
| 1981-82 | £121.9bn | — |
| 1982-83 | £132.9bn | — |
| 1983-84 | £141.4bn | — |
| 1984-85 | £151.4bn | — |
| 1985-86 | £162.2bn | — |
| 1986-87 | £170.2bn | — |
| 1987-88 | £184.9bn | — |
| 1988-89 | £202.5bn | — |
| 1989-90 | £218.4bn | — |
| 1990-91 | £230.2bn | — |
| 1991-92 | £239.4bn | — |
| 1992-93 | £236.7bn | — |
| 1993-94 | £244.5bn | — |
| 1994-95 | £264.3bn | — |
| 1995-96 | £287.1bn | — |
| 1996-97 | £299.3bn | — |
| 1997-98 | £333.6bn | — |
| 1998-99 | £354.7bn | — |
| 1999-00 | £378.5bn | — |
| 2000-01 | £406.4bn | — |
| 2001-02 | £412.4bn | — |
| 2002-03 | £417.8bn | — |
| 2003-04 | £450.9bn | — |
| 2004-05 | £483.2bn | — |
| 2005-06 | £519.8bn | — |
| 2006-07 | £551.5bn | — |
| 2007-08 | £584.1bn | — |
| 2008-09 | £569.5bn | — |
| 2009-10 | £560.7bn | — |
| 2010-11 | £601.1bn | — |
| 2011-12 | £623.7bn | — |
| 2012-13 | £635.9bn | — |
| 2013-14 | £662.9bn | — |
| 2014-15 | £689.7bn | — |
| 2015-16 | £714.3bn | — |
| 2016-17 | £755.6bn | — |
| 2017-18 | £780.8bn | — |
| 2018-19 | £813.6bn | — |
| 2019-20 | £828.1bn | — |
| 2020-21 | £793.0bn | — |
| 2021-22 | £922.2bn | — |
| 2022-23 | £1,034.6bn | — |
| 2023-24 | £1,096.6bn | — |
| 2024-25 | £1,140.6bn | — |
| 2025-26 | £1,231.3bn | — |
| 2026-27 | — | £1,303.8bn |
| 2027-28 | — | £1,375.4bn |
| 2028-29 | — | £1,427.4bn |
| 2029-30 | — | £1,491.9bn |
| 2030-31 | — | £1,551.5bn |
Total managed expenditure
| Financial year | Outturn | Forecast |
|---|---|---|
| 1946-47 | £4.3bn | — |
| 1947-48 | £4.0bn | — |
| 1948-49 | £4.4bn | — |
| 1949-50 | £4.7bn | — |
| 1950-51 | £5.0bn | — |
| 1951-52 | £5.8bn | — |
| 1952-53 | £6.4bn | — |
| 1953-54 | £6.8bn | — |
| 1954-55 | £6.9bn | — |
| 1955-56 | £7.0bn | — |
| 1956-57 | £7.6bn | — |
| 1957-58 | £7.9bn | — |
| 1958-59 | £8.4bn | — |
| 1959-60 | £8.9bn | — |
| 1960-61 | £9.6bn | — |
| 1961-62 | £10.6bn | — |
| 1962-63 | £11.0bn | — |
| 1963-64 | £11.9bn | — |
| 1964-65 | £12.9bn | — |
| 1965-66 | £14.4bn | — |
| 1966-67 | £16.0bn | — |
| 1967-68 | £18.3bn | — |
| 1968-69 | £19.4bn | — |
| 1969-70 | £20.4bn | — |
| 1970-71 | £22.8bn | — |
| 1971-72 | £25.4bn | — |
| 1972-73 | £28.4bn | — |
| 1973-74 | £33.4bn | — |
| 1974-75 | £43.9bn | — |
| 1975-76 | £56.1bn | — |
| 1976-77 | £64.1bn | — |
| 1977-78 | £70.2bn | — |
| 1978-79 | £79.7bn | — |
| 1979-80 | £95.2bn | — |
| 1980-81 | £114.5bn | — |
| 1981-82 | £127.9bn | — |
| 1982-83 | £141.4bn | — |
| 1983-84 | £153.2bn | — |
| 1984-85 | £163.9bn | — |
| 1985-86 | £171.3bn | — |
| 1986-87 | £179.0bn | — |
| 1987-88 | £190.0bn | — |
| 1988-89 | £197.0bn | — |
| 1989-90 | £218.6bn | — |
| 1990-91 | £237.5bn | — |
| 1991-92 | £263.2bn | — |
| 1992-93 | £283.0bn | — |
| 1993-94 | £295.8bn | — |
| 1994-95 | £308.3bn | — |
| 1995-96 | £322.6bn | — |
| 1996-97 | £328.2bn | — |
| 1997-98 | £344.2bn | — |
| 1998-99 | £354.8bn | — |
| 1999-00 | £367.1bn | — |
| 2000-01 | £390.1bn | — |
| 2001-02 | £418.0bn | — |
| 2002-03 | £452.8bn | — |
| 2003-04 | £494.4bn | — |
| 2004-05 | £534.9bn | — |
| 2005-06 | £565.1bn | — |
| 2006-07 | £592.4bn | — |
| 2007-08 | £629.2bn | — |
| 2008-09 | £685.8bn | — |
| 2009-10 | £720.3bn | — |
| 2010-11 | £743.0bn | — |
| 2011-12 | £745.8bn | — |
| 2012-13 | £759.5bn | — |
| 2013-14 | £765.4bn | — |
| 2014-15 | £787.7bn | — |
| 2015-16 | £794.4bn | — |
| 2016-17 | £812.7bn | — |
| 2017-18 | £842.3bn | — |
| 2018-19 | £857.6bn | — |
| 2019-20 | £886.8bn | — |
| 2020-21 | £1,103.8bn | — |
| 2021-22 | £1,038.2bn | — |
| 2022-23 | £1,158.4bn | — |
| 2023-24 | £1,231.8bn | — |
| 2024-25 | £1,290.3bn | — |
| 2025-26 | £1,365.6bn | — |
| 2026-27 | — | £1,419.3bn |
| 2027-28 | — | £1,471.9bn |
| 2028-29 | — | £1,513.5bn |
| 2029-30 | — | £1,555.3bn |
| 2030-31 | — | £1,610.5bn |
Office for Budget Responsibility · Public finances databank · Published 28 Oct 2026 · Licence terms · Source data · Methodology