Economic and Fiscal Outlook, 2023-03

public sector net borrowing in 2021-22: 5.235 % of GDP

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public sector net borrowing in 2022-23: 6.084 % of GDP

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public sector net borrowing in 2023-24: 5.113 % of GDP

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public sector net borrowing in 2024-25: 3.2 % of GDP

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public sector net borrowing in 2025-26: 2.779 % of GDP

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public sector net borrowing in 2026-27: 2.227 % of GDP

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public sector net borrowing in 2027-28: 1.67 % of GDP

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public sector net borrowing in 2021-22: 122.371 £ billion

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public sector net borrowing in 2022-23: 152.372 £ billion

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public sector net borrowing in 2023-24: 131.566 £ billion

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public sector net borrowing in 2024-25: 85.398 £ billion

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public sector net borrowing in 2025-26: 76.684 £ billion

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public sector net borrowing in 2026-27: 63.46 £ billion

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public sector net borrowing in 2027-28: 49.258 £ billion

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CPI inflation in 2022: 9.067 % (percentage change on a year earlier)

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real GDP growth in 2022: 4.045 %

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CPI inflation in 2023: 6.131 % (percentage change on a year earlier)

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real GDP growth in 2023: -0.204 %

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CPI inflation in 2024: 0.857 % (percentage change on a year earlier)

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real GDP growth in 2024: 1.789 %

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CPI inflation in 2025: 0.116 % (percentage change on a year earlier)

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real GDP growth in 2025: 2.457 %

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CPI inflation in 2026: 0.5 % (percentage change on a year earlier)

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real GDP growth in 2026: 2.127 %

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CPI inflation in 2027: 1.573 % (percentage change on a year earlier)

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real GDP growth in 2027: 1.88 %

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