Debt to GDP ratio reference value is 60%. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. Published. On 28 January 2019, National Statistician John Pullinger released a statement outlining our legislative preparations for a possible no-deal EU exit. How will we pay for it? Video caption: How are we going to pay for coronavirus? Quarterly estimates of UK government deficit and debt, given to the European Commission under the excessive deficit procedure protocol, as part of the Maastricht Treaty. The public sector finances methodological guide provides comprehensive contextual and methodological information concerning the monthly Public sector finances statistical bulletin and related publications, including this release. Please authenticate by going to "My account" → "Administration". Previously, in months when the Bank of England Monetary Policy Committee (MPC) did not meet, a cash interest payment was imputed on the loan, deducting it from the dividend payment to central government. Quarterly government debt (Maastricht debt) for general government Government debt on a quarterly basis, for general government and its sub-sectors. On 31 May 2019, we published the second in our series of development articles, Looking ahead – developments in public sector finance statistics: 2019. In the 20th century the UK government has increased the National Debt to fight wars and to mitigate economic troubles. New, Everything you need to know about the industry development, Find studies from all around the internet. Statista. Please, The sharp rise in borrowing was largely down to the furlough scheme and support for the self-employed as the pandemic shut shops and businesses. Chart 4.03 : National Debt 1900-2020 At the beginning of the 20th century in 1900 the National Debt stood at a very manageable 30 percent of GDP and dipped to 25 percent of GDP by 1914 despite the intervening Boer War. Learn more about how Statista can support your business. There have been no revisions to debt over the same period. These are: a deficit (or net borrowing) to gross domestic product (GDP) ratio of 3%. * All products require an annual contract; Prices do not include sales tax. You can change your cookie settings at any time. Profit from additional features by authenticating your Admin account. National debt statistics. According to the latest published figures (PDF, 434KB) (24 April 2019), there were 14 member states (including the UK) that had a gross debt at the end of December 2018 that exceeded the 60% of GDP reference value. Government borrowing would reach its highest level in more than half a century, a think tank warns. Office for National Statistics (UK). We have noticed that there is an issue with your subscription billing details. UK general government gross debt first exceeded the 60.0% Maastricht reference value at the end of the financial year ending March 2010, when it was 69.6% of GDP (or £1,076.6 billion) and it continues to remain above this reference value. How are we going to pay for the coronavirus damage? Mainstream media headlines today are focused on Britain's record national debt, which just surpassed £1 trillion, a figure that can only exponentially increase unless the entire mechanism of Government finance is overhauled. The Institute for Fiscal Studies says forecasts of post-Brexit economic gloom 'were accurate'. The Protocol on the Excessive Deficit Procedure, annexed to the Maastricht Treaty, defines two criteria and reference values with which member states’ governments should comply. We use this information to make the website work as well as possible and improve government services. How much is the general government gross debt? ", Office for National Statistics (UK), Public sector net debt (PSNDex) in the United Kingdom (UK) from March 2005 to June 2019 (in billion GBP) Statista, https://www.statista.com/statistics/282769/united-kingdom-uk-national-debt-y-on-y-psndex/ (last visited October 31, 2020), Public sector net debt (PSNDex) in the United Kingdom (UK) from March 2005 to June 2019, Government spending as a share of GDP in the UK 1977-2020, Public sector spending in the United Kingdom 2020/21,by function, Government revenue sources in the United Kingdom 2020/21, by source, Government spending on health in the UK 1996-2020, Government spending on social protection in the UK 1996-2020, Government spending on unemployment benefits in the UK 2009-2020, Government spending on pensions in the UK 2009-2020, Government spending on housing support in the UK 2009-2020, Government spending on public order and safety in the UK 1996-2020, Government spending on the fire service in the UK 2009-2020, Government spending on law courts in the UK 2009-2020, Government spending on civil defense in the UK 2009-2020, Government spending on foreign military aid in the UK 2009-2020, Government spending on foreign economic aid in the UK 2009-2020, Government spending on education in the UK 1996-2020, Government spending on primary education in the UK 2009-2020, Government spending on secondary education in the UK 2009-2020, Government spending on higher education in the UK 2009-2020, Government spending on railways in the UK 2009-2020, Government spending on public transport in the UK 2009-2020, Government spending on economic affairs in the UK 1996-2020, Government spending on agriculture in the UK 2009-2020, Government spending on fuel and energy in the UK 2009-2020, Government spending on communication in the UK 2009-2020, Government spending on housing and community amenities in the UK 1996-2020, Government spending on housing development in the UK 2009-2020, Government spending on community development in the UK 2009-2020, Government spending on street lighting in the UK 2009-2020, Government spending on environment protection in the UK 1996-2020, Government spending on pollution abatement in the UK 2009-2020, Government spending on biodiversity and landscape protection in the UK 2009-2020, Government spending on waste management in the UK 2009-2020, Public expenditure on culture, recreation and religion in the UK 1996-2020, Government spending on broadcasting and publishing in the UK 2009-2020, Government spending on religious and other community services in the UK 2009-2020, Government spending on cultural services in the UK 2009-2020, UK national debt: public sector net debt (PSNDex) as a percentage of GDP 2014 to 2018, UK national debt: monthly public sector net debt (PSND) 2014 to 2017, UK national debt: Public sector net debt (PSND) 2004-2020, UK national debt: Public sector net debt (PSND) as a percentage of GDP 2014-2018, UK national debt: public sector net debt (PSND) as a percentage of GDP 2004-2020, UK national debt: public sector net debt (PSNDex) as a percentage of GDP 2005-2019, UK national debt: monthly public sector net debt (PSNDex) 2014 to 2018, Internal debt of the central government of India as percent of GDP FY 2009-2020, External debt of the central government of India as percent of GDP FY 2009-2020, Internal debt of the central government of India FY 2009-2020, Outstanding external debt of the central government of India FY 2009-2020, Total debt as a percentage of GDP in selected countries 2011, Bankruptcy, IVA, or DMP in households in Great Britain 2009-2012, Shipbuilding: combined debt of South Korea's shipyards 2009-2012, Personal debt other than mortgage held by Canadians 2015, by value and gender, Number pronounced debt restructurings natural persons business Netherlands 1999-2017, Structural arrears in Great Britain 2008-2012, Public sector net debt (PSNDex) in the United Kingdom (UK) from March 2005 to June 2019 (in billion GBP), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.

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