Borrowing is forecast to rise to 6.1% of GDP in 2022-23 before falling over the next five years

Public sector net borrowing, % of GDP

Outturn

March 2022 forecast

March 2023 forecast

November 2022 forecast

Projection

15%

12

9

6

3

0

2005-6

2010-11

2015-16

2020-1

2025-6

March 2023 forecast

Outturn

March 2022 forecast

November 2022 forecast

Projection

15%

12

9

6

3

0

2005-6

2010-11

2015-16

2020-1

2025-6

Guardian graphic. Source: OBR. March 2023 Economic and fiscal outlook