Highlights

UK government debt and deficit as reported to the European Commission: Jan to Mar 2017

What's in the bulletin?

  • General government gross debt was £1,720.1 billion at the end of the financial year ending March 2017, equivalent to 88.0% of gross domestic product (GDP), an increase of £68.1 billion compared with the end of March 2016 (when it was 87.6% of GDP).
  • The latest government debt figure exceeds the reference value of 60% of GDP set out in the Protocol on the Excessive Deficit Procedure; general government gross debt first exceeded the 60% Maastricht reference value at the end of the financial year ending March 2010, when it was 70.3% of GDP or £1,076.6 billion.
  • General government deficit (or net borrowing) was £47.0 billion in the financial year ending March 2017 (equivalent to 2.4% GDP), a decrease of £28.2 billion compared with the financial year ending March 2016 (when it was 4.0% of GDP).
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