Category Archive: Announcements

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Annual report and accounts 2020-21

We have just published our Annual report and accounts 2020-21, which outlines our achievements over the past year and contains an assessment of how we have performed our main duties by our non-executive members. It also contains our accounts for the last financial year and information about how we work.

Fiscal risks report 2021 due 6 July

Fiscal risks report 2021 due 6 July

Every two years since 2017 the Office for Budget Responsibility produces a report on the fiscal risks facing the UK. We will publish our latest Fiscal risks report (FRR) on Tuesday 6 July. As previously announced, alongside providing updates on significant developments regarding specific risks highlighted in our previous reports, the 2021 FRR will focus…

Photo of Bronwyn Curtis

Bronwyn Curtis re-appointed

The Chancellor of the Exchequer has announced that Bronwyn Curtis OBE has been re-appointed as a non-executive member of the OBR and Audit sub-Committee chair. Bronwyn Curtis said: “I am delighted to be re-appointed to the Oversight Board of the Office for Budget Responsibility. As we emerge from the pandemic, the role of the OBR…

Red box and EFO

March 2021 Economic and fiscal outlook

We will publish our latest set of forecasts for the economy and public finances alongside the Chancellor’s Budget on Wednesday 3 March. The Economic and fiscal outlook will be published here immediately after the Chancellor’s speech.

Cumulative public sector net borrowing

Sharp rise in budget deficit is slower than expected

Government borrowing continued to rise in January, with monthly borrowing of £8.8 billion, despite a better-than-expected £24 billion of tax payments being made through self-assessment. Year-to-date borrowing has reached £271 billion, far exceeding the pre-virus annual record set at the height of the financial crisis in 2009-10 (£158 billion). We will publish our latest estimate…

Line chart showing cumulative public sector net borrowing

Budget deficit continues to rise sharply

The pace of government borrowing picked up further in December to reach £34.1 billion, the highest monthly total since May. Year-to-date borrowing now stands at £270.8 billion, far exceeding the pre-virus annual record set at the peak of the financial crisis (£158 billion). The reimposition of a national lockdown in early January means prospects for the…