Today provides the first provisional outturn estimate for the budget deficit for the full 2018-19 financial year: £24.7 billion, the lowest since 2001-02. Borrowing was £17.2 billion lower than in 2017-18, but £1.8 billion above our March forecast. However, in recent years the initial outturn estimate of the deficit has on average been revised down by around £3 billion within 12 months.
April 24, 2019 – 153.76 KB
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Deficit fell by 40 per cent in 2018-19
April 24th, 2019 | What's new, Monthly public finances release
Today provides the first provisional outturn estimate for the budget deficit for the full 2018-19 financial year: £24.7 billion, the lowest since 2001-02. Borrowing was £17.2 billion lower than in 2017-18, but £1.8 billion above our March forecast. However, in recent years the initial outturn estimate of the deficit has on average been revised down by around £3 billion within 12 months.
Commentary on the public sector finances – March 2019