Economic and Fiscal Outlook, 2024-03

public sector net borrowing in 2022-23: 5.041 % of GDP

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public sector net borrowing in 2023-24: 4.177 % of GDP

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public sector net borrowing in 2024-25: 3.131 % of GDP

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public sector net borrowing in 2025-26: 2.695 % of GDP

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public sector net borrowing in 2026-27: 2.3 % of GDP

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public sector net borrowing in 2027-28: 1.634 % of GDP

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public sector net borrowing in 2028-29: 1.229 % of GDP

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public sector net borrowing in 2022-23: 128.682 £ billion

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public sector net borrowing in 2023-24: 114.085 £ billion

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public sector net borrowing in 2024-25: 87.227 £ billion

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public sector net borrowing in 2025-26: 77.482 £ billion

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public sector net borrowing in 2026-27: 68.661 £ billion

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public sector net borrowing in 2027-28: 50.562 £ billion

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public sector net borrowing in 2028-29: 39.435 £ billion

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CPI inflation in 2023: 7.303 % (percentage change on a year earlier)

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real GDP growth in 2023: 0.266 %

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CPI inflation in 2024: 2.19 % (percentage change on a year earlier)

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real GDP growth in 2024: 0.752 %

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CPI inflation in 2025: 1.475 % (percentage change on a year earlier)

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real GDP growth in 2025: 1.854 %

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CPI inflation in 2026: 1.627 % (percentage change on a year earlier)

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real GDP growth in 2026: 2.013 %

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CPI inflation in 2027: 1.919 % (percentage change on a year earlier)

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real GDP growth in 2027: 1.827 %

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CPI inflation in 2028: 2 % (percentage change on a year earlier)

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real GDP growth in 2028: 1.699 %

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