Treasury written question – answered at on 26 March 2025.
Mel Stride
Chair, Treasury Committee, Shadow Chancellor of the Exchequer
To ask the Chancellor of the Exchequer, in which financial year the current budget was last in surplus.
Emma Reynolds
The Economic Secretary to the Treasury
The last financial year for which the current budget was in surplus was 2018-19, when there was a surplus of £0.8 billion. This was the only surplus since 2001-02, when the current budget was in surplus by £6.9 billion.
The OBR has today forecast that the current budget will be in surplus by £6.0 billion in 2027-28, £7.1 billion in 2028-29, and £9.9 billion in 2029-30.
This information is available in the Public Sector Finances publication, published by the Office for National Statistics and the Office for Budget Responsibility’s March Economic and Fiscal Outlook published on 26 March.
Yes0 people think so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
