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United Kingdom: General government gross debt (National currency)
Source: National Statistics Office
Latest actual data: 2016
Notes: Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is defined as total gross financial liabilities less liquid financial assets, where liquid assets are cash and short-term assets, which can be released for cash at short notice without significant loss
Fiscal assumptions: Fiscal projections are based on the U.K.’s 2017 Budget, published in March 2017, with expenditure projections based on the budgeted nominal values and with revenue projections adjusted for differences between IMF staff forecasts of macroeconomic variables (such as GDP growth and inflation) and the forecasts of these variables assumed in the authorities’ fiscal projections. IMF staff data exclude public sector banks and the effect of transferring assets from the Royal Mail Pension Plan to the public sector in April 2012. Real government consumption and investment are part of the real GDP path, which, according to the IMF staff, may or may not be the same as projected by the U.K. Office for Budget Responsibility.
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government;Local Government;. The concept of state government and social security funds is not applicable to the UK.
Valuation of public debt: Nominal value
Primary domestic currency: Pound sterling
Data last updated: 09/2017
United Kingdom: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).
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