Government borrowing in December 2021 was £16.8 billion, down £7.6 billion on December 2020. Year to date borrowing of £146.8 billion is down 46.8 per cent on the same period last year and is £13.0 billion below our October forecast profile. That undershoot reflects stronger than expected receipts (thanks largely to a more resilient labour market and strong business profits) more than offsetting higher than expected spending.
25 January 2022 – 132.90 KB
Latest news
Budget deficit falling sharply thanks to strong tax revenues
25 January 2022 | What's new, Monthly public finances release
Government borrowing in December 2021 was £16.8 billion, down £7.6 billion on December 2020. Year to date borrowing of £146.8 billion is down 46.8 per cent on the same period last year and is £13.0 billion below our October forecast profile. That undershoot reflects stronger than expected receipts (thanks largely to a more resilient labour market and strong business profits) more than offsetting higher than expected spending.
Commentary on the public sector finances – December 2021