Economic and Fiscal Outlook, 2022-03

public sector net borrowing in 2020-21: 15.03 % of GDP

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public sector net borrowing in 2021-22: 5.406 % of GDP

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public sector net borrowing in 2022-23: 3.945 % of GDP

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public sector net borrowing in 2023-24: 1.915 % of GDP

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public sector net borrowing in 2024-25: 1.34 % of GDP

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public sector net borrowing in 2025-26: 1.232 % of GDP

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public sector net borrowing in 2026-27: 1.076 % of GDP

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public sector net borrowing in 2020-21: 321.917 £ billion

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public sector net borrowing in 2021-22: 127.83 £ billion

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public sector net borrowing in 2022-23: 99.141 £ billion

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public sector net borrowing in 2023-24: 50.195 £ billion

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public sector net borrowing in 2024-25: 36.523 £ billion

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public sector net borrowing in 2025-26: 34.827 £ billion

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public sector net borrowing in 2026-27: 31.551 £ billion

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CPI inflation in 2021: 2.588 % (percentage change on a year earlier)

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real GDP growth in 2021: 7.456 %

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CPI inflation in 2022: 7.444 % (percentage change on a year earlier)

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real GDP growth in 2022: 3.785 %

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CPI inflation in 2023: 4.042 % (percentage change on a year earlier)

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real GDP growth in 2023: 1.761 %

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CPI inflation in 2024: 1.535 % (percentage change on a year earlier)

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real GDP growth in 2024: 2.118 %

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CPI inflation in 2025: 1.88 % (percentage change on a year earlier)

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real GDP growth in 2025: 1.779 %

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CPI inflation in 2026: 2 % (percentage change on a year earlier)

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real GDP growth in 2026: 1.654 %

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