The chancellor is required to keep the budget deficit below 2% of GDP in 2020−21

Government borrowing

March 2019 spring statement forecast

8% of GDP

6

4

2% ceiling

2

0

2010-11

2014-15

2018-19

2022-23

Government borrowing

March 2019 spring statement forecast

8% of GDP

6

4

2% ceiling

2

0

2010-11

2014-15

2018-19

2022-23