Forecast borrowing has been revised up since March

Outturn

March 2022 forecast

November 2022 forecast

15% of GDP

Projection

12

9

6

3

0

2003

2009

2015

2021

2027

15% of GDP

Projection

12

9

Outturn

November 2022

6

3

March 2022

0

2003

2006

2009

2012

2015

2018

2021

2024

2027