The United Kingdom recorded a government budget deficit of 18799 GBP Million in October of 2021. Government Budget Value in the United Kingdom averaged -5832.54 GBP Million from 1993 until 2021, reaching an all time high of 11506 GBP Million in January of 2019 and a record low of -52479 GBP Million in May of 2020. In the UK, public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending (current expenditure plus net investment (capital spending less capital receipts)). Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”. This page provides — United Kingdom Government Budget Value — actual values, historical data, forecast, chart, statistics, economic calendar and news.