Highlights

UK government debt and deficit: September 2017

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  • In March 2017, UK general government gross debt was 86.7% of gross domestic product (GDP), 26.7 percentage points above the reference value of 60% 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 69.9% of GDP.
  • In the financial year ending March 2017, general government deficit (or net borrowing) was 2.4% of GDP, 0.6 percentage points below the reference value of 3.0% set out in the Protocol on the Excessive Deficit Procedure.
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