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GDP

The debt and deficit of the UK public sector explained

  • 16 March 2016
  • By Rob Fry

In 2015 the UK public sector received £671 billion, spent £753 billion, borrowed £82 billion, had a current budget deficit of £46 billion and at the end of 2015 a debt of just over £1.6 trillion (or 84% of GDP). So just what do all these numbers mean? Here, we explain.

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