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Public Sector Debt

Asked by Wendy MortonConservativeTreasuryTabled Answered 23 March 2026UIN 121313

The question

To ask the Chancellor of the Exchequer, with reference to the Office for Budget Responsibility’s Economic and Fiscal Outlook published in March 2026, what the forecast level of public sector net debt as a proportion of GDP will be in each year of the forecast period; what the reasons are for the projected increase in debt; and what steps she is taking to reduce public debt.

Answered by James Murray

This data is available at Table A.9: Fiscal aggregates in the March 2026 Economic and Fiscal Outlook published by the Office for Budget Responsibility (OBR).

The government’s fiscal plan brings down borrowing and debt, keeps the public finances on a sustainable path and supports the Bank of England to bring down inflation.

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