{"id":4996,"date":"2023-05-15T03:10:00","date_gmt":"2023-05-15T03:10:00","guid":{"rendered":"https:\/\/www.asadkarim.co.uk\/?p=4996"},"modified":"2023-04-25T12:12:16","modified_gmt":"2023-04-25T12:12:16","slug":"uk-government-borrowing-2022-23","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=4996","title":{"rendered":"UK government borrowing 2022\/23"},"content":{"rendered":"\n<p>The UK Government spends more money than it earns from the taxes it collects.<br>It runs a budget deficit.<\/p>\n\n\n\n<p>That deficit (the difference between tax revenues and government expenditure is \u00a3139bn.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ons.gov.uk\/economy\/governmentpublicsectorandtaxes\/publicsectorfinance\/bulletins\/publicsectorfinances\/march2023\">https:\/\/www.ons.gov.uk\/economy\/governmentpublicsectorandtaxes\/publicsectorfinance\/bulletins\/publicsectorfinances\/march2023<\/a><\/p>\n\n\n\n<p>This deficit of \u00a3139bn equates to 5.5% of gross domestic product (GDP).<\/p>\n\n\n\n<p>The key message is the Public sector net debt (PSND ex) at the end of March 2023 was \u00a32,530.4 billion.<\/p>\n\n\n\n<p>That is 99.6% of GDP.<\/p>\n\n\n\n<p>\u2026..we are in it together\u2026..<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK Government spends more money than it earns from the taxes it collects.It runs a budget deficit. That deficit (the difference between tax revenues and government expenditure is \u00a3139bn. https:\/\/www.ons.gov.uk\/economy\/governmentpublicsectorandtaxes\/publicsectorfinance\/bulletins\/publicsectorfinances\/march2023 This deficit of \u00a3139bn equates to 5.5% of gross domestic product (GDP). The key message is the Public sector net debt (PSND ex) at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4996","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4996"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4996\/revisions"}],"predecessor-version":[{"id":4997,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4996\/revisions\/4997"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}