Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
UK government finances- Statistics & Facts
The government of the United Kingdom is estimated to have spent approximately 1.28 trillion British pounds in 2024/25. Revenue raised by the government in this financial year amounted to 1.13 trillion pounds, resulting in a deficit of over 151 billion pounds which the government borrowed to finance its expenditure. With the UK consistently borrowing money to finance its spending, the government has accrued 2.8 trillion pounds of national debt, approximately 96 percent of GDP.
