UK general government gross debt was £2.52T at the end of Q4, equivalent to 101.0% of GDP; net borrowing was £55.9B in Q4, or 8.7% of GDP: ONS

Sample article from our Government & Public Policy

LONDON , April 28, 2023 (press release) –

Quarterly estimates of UK government debt and deficit.

Main Points

  • UK general government gross debt was £2,516.0 billion at the end of Quarter 4 (Oct to Dec) 2022, equivalent to 101.0% of gross domestic product (GDP). 
  • UK general government deficit (or net borrowing) was £55.9 billion in Quarter 4 2022, equivalent to 8.7% 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: February 2023 statistical bulletin, published on 21 March 2023.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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