Government borrowing and debt interest costs remain elevated

Primary deficit and Interest payments on public debt, % GDP

Primary deficit

Interest payments

US

4%

2

Forecast

0

2024

2025

2026

2027

UK

4%

2

Forecast

0

2024

2025

2026

2027

Eurozone

4%

2

Forecast

0

2024

2025

2026

2027

Primary deficit

Interest payments

US

UK

Eurozone

4%

2

Forecast

Forecast

Forecast

0

2024

2027

2024

2027

2024

2024

2027

Primary deficit

Interest payments

US

UK

Eurozone

4%

2

Forecast

Forecast

Forecast

0

2024

2027

2024

2027

2024

2024

2027

Primary deficit

Interest payments

US

UK

Eurozone

4%

2

Forecast

Forecast

Forecast

0

2024

2025

2026

2027

2024

2025

2026

2027

2024

2025

2026

2027

Primary deficit

Interest payments

US

4%

2

Forecast

0

2024

2025

2026

2027

UK

4%

2

Forecast

0

2024

2025

2026

2027

Eurozone

4%

2

Forecast

0

2024

2025

2026

2027

Primary deficit

Interest payments

US

UK

Eurozone

4%

2

Forecast

Forecast

Forecast

0

2024

2027

2024

2027

2024

2024

2027

Primary deficit

Interest payments

US

UK

Eurozone

4%

2

Forecast

Forecast

Forecast

0

2024

2027

2024

2027

2024

2024

2027

Primary deficit

Interest payments

US

UK

Eurozone

4%

2

Forecast

Forecast

Forecast

0

2024

2025

2026

2027

2024

2025

2026

2027

2024

2025

2026

2027