"It is the duty of the Office to examine and report on the sustainability of the public finances"
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Borrowing in the first nine months of 2022-23 was £128.1 billion, up £5.1 billion on last year but £2.7 billion below our November forecast profile in the headline figures and £11.3 billion below profile on a like-for-like basis (correcting for a temporary difference in student loans figures in our forecast profile versus ONS outturn). This surprise was broad-based across central government receipts and spending, as well as borrowing by both local authorities and public corporations.
19 January 2023
19 January 2023
21 December 2022
21 December 2022
19 December 2022
1 December 2022
25 November 2022
24 November 2022
22 November 2022
9 November 2022
13 October 2022
29 September 2022
29 September 2022
29 September 2022
21 September 2022
8 September 2022
24 May 2022
Working paper No.16
Our working paper on public sector net worth explains how it differs from the more popular measures of debt, describes how it is constructed and presents our illustrative forecasts. Watch our video explainer.
December 2022
We have published our 2022 Welsh taxes outlook alongside the Welsh Government’s Draft Budget for 2023-24. It sets out our forecast for each of the devolved Welsh taxes.
November 2022
Read the Overview of the November 2022 Economic and fiscal outlook
Five year forecasts for the UK economy and public finances and an assessment of whether the Government is likely to achieve its fiscal targets.
Annual report into the main fiscal risks facing the UK and sustainability of the public finances. This new report is an amalgamation of the FSR and FRR.
Report into how our forecasts compare to subsequent outturn data and identifying lessons for future forecasts.
An in-depth look at the drivers of welfare spending both inside and outside the Government’s welfare cap.
Our monthly commentary on the latest public finances data and how it compares to our most recent forecast.
We are commissioned by the Welsh Government to produce independent forecasts for devolved Welsh taxes. We formally took on this role in April 2019.