UK general government gross debt was £2.37T at the end of Q1, equal to 99.6% of GDP; net borrowing was £15.8B in Q1, or 2.6% of GDP, 0.5% lower than the average deficit of G7 member states: ONS

LONDON , August 1, 2022 (press release) –

Quarterly estimates of UK government debt and deficit.

Main points

• UK general government gross debt was £2,365.4 billion at the end of Quarter 1 (Jan to Mar) 2022, equivalent to 99.6% of gross domestic product (GDP).
• UK general government deficit (or net borrowing) was £15.8 billion in Quarter 1 2022, equivalent to 2.6% of GDP.
• The general government gross debt and deficit figures published here (for 1997 onwards) are fully consistent with those published in our Public sector finances, UK: May 2022 statistical bulletin, published on 23 June 2022.

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