Figure 2: General government net borrowing has been below 3% of gross domestic product for the second consecutive year since the financial year ending 2008
General government net borrowing ("deficit") as a percentage of GDP, UK, financial year ending March 1995 to financial year ending March 2018
Source: Office for National Statistics – Public Sector Finances
- GDP – gross domestic product.
- Deficit to GDP ratio reference value is 3%.
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