Tuesday, April 18, 2017

ONS Releases: UK government debt and deficit as reported to the European Commission


View in browser

18 April 2017


UK government debt and deficit as reported to the European Commission: Oct to Dec 2016

General government gross debt was £1,731.4 billion at the end of December 2016, equivalent to 89.3% of gross domestic product (GDP); an increase of £65.4 billion on December 2015.

The latest government debt figure exceeds the reference value of 60% of GDP set out in the Protocol on the Excessive Deficit Procedure; general government gross debt first exceeded the 60% Maastricht reference value at the end of 2009 when it was 64.5% of GDP or £979.8 billion.

General government deficit (or net borrowing) decreased by £24.2 billion to £57.2 billion (equivalent to 3.0% GDP) in 2016, compared with 2015.

The Protocol on the Excessive Deficit Procedure states that general government deficit should not exceed 3% of GDP; this is the first time the UK has met this requirement since 2007 when the deficit was 2.7% of GDP or £40.9 billion.

Read the release on our website

Our digital team regularly write about our approach and progress to the website and social media.

Visit our Digital Blog

National Statistical is our corporate blog. It's the place to find insight into the role data plays in the decisions affecting our lives, the changes we are making to take advantage of it and the ways we keep it secure. 

Visit our Corporate Blog

local map from website

Looking for local statistics?

A handy guide to let you know where to find local statistics.

Census logo


Discover how our census statistics help paint a picture of the nation and how we live.

visual promo image


Visual.ONS is a website exploring new approaches to making ONS statistics accessible and relevant to a wide public audience.

This email was sent using GovDelivery, on behalf of: Office for National Statistics · Room 1.101 · Government Buildings · Cardiff Road · Newport · South Wales · NP10 8XG · 0845 601 3034 Powered by GovDelivery