Analysis of the latest UK and international economic indicators
Documents to download
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Rebalancing the public finances (276 KB, PDF)
The deficit – the difference between what the government spends and raises from tax and other revenues – has come down significantly since it peaked at 10% of national income in 2009/10.
In 2016/17 the deficit was 2.4% of national income, similar to the level it was prior to the 2007-2008 financial crisis.
The deficit is still higher than the historical average, and is forecast to increase in 2017/18 to 2.9% of national income.
Documents to download
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Rebalancing the public finances (276 KB, PDF)
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