United Kingdom (UK, Great Britain or the British Isles) General Government Structural Balance (National Currency) Statistics

15, Dec 2019, EST.

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Country or Region: United Kingdom (UK, Great Britain or the British Isles) › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all United Kingdom indicators, › See General Government Structural Balance (National Currency) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: United Kingdom Pound (Sterling)
Currency Symbol: GBP

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. Source: National Statistics Office Latest actual data: 2014 Fiscal assumptions: Fiscal projections are based on the U.K.?s 2016 Budget, published in March 2016. However, on the revenue side, the authorities? projections are adjusted for differences between IMF staff forecasts of macroeconomic variables (such as GDP growth) and the forecasts of these variables assumed in the authorities? fiscal projections. IMF staff data exclude public sector banks and the effect of transferring assets from the Royal Mail Pension Plan to the public sector in April 2012. Real government consumption and investment are part of the real GDP path, which, according to the IMF staff, may or may not be the same as projected by the U.K. Office for Budget Responsibility. Start/end months of reporting year: January/D

General Government Structural Balance (National Currency) Statistics for United Kingdom (UK, Great Britain or the British Isles), Year 2015 - In Detail

General Government Structural Balance (National Currency) for United Kingdom is GBP -77.535 Billion. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

In the previous year, 2014, General Government Structural Balance (National Currency) for United Kingdom was GBP -90.04 Billion General Government Structural Balance (National Currency) for United Kingdom in 2015 was or will be 13.88% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (National Currency) for United Kingdom was or will be GBP -59.08 Billion, which is 23.80% more than the 2015 figure.

* Source: IMF
General Government Structural Balance (National Currency) for United Kingdom, in other Years
Year Billion
  2021 15.056
  2020 12.423
  2019 1.724
  2018 -27.411
  2017 -43.634
  2016 -59.084
2015 -77.535
  2014 -90.035
  2013 -74.94
  2012 -102.998
  2011 -99.595
  2010 -120.783
  2009 -138.473
  2008 -89.533
  2007 -70.062
  2006 -60.033
  2005 -59.8
  2004 -53.531
  2003 -46.797
  2002 -26.817
  2001 -0.026
  2000 8.41
  1999 7.47
  1998 -0.091
  1997 -13.819
  1996 -26.005
  1995 -35.695
  1994 -37.845
  1993 -37.664
  1992 -26.49
  1991 -13.056
  1990 -17.255
  1989 -15.289
  1988 -12.58
  1987 -11.619
  1986 -7.929
  1985 -6.667
  1984 -6.686
  1983 -4.669
  1982 0.167
  1981 -5.8
  1980 n/a