Economic and fiscal outlook

Apr 28, 2024

The latest update of our forecasts was published on 15 March 2023 in the March 2023 Economic and fiscal outlook. Read the Executive summary for the key messages of our forecast or the full report on our website.

Chapter 2 sets out our forecasts for the economy over a five-year horizon. We set out our latest forecast and the effect of policies in the Budget.

In Chapter 3, details the policy measures announced since the Autumn Statement in November, provides an update on selected previous measures, and discusses policy risks and uncertainties.

Chapter 4 sets out our forecasts for receipts and public spending over a five-year horizon. We also explain our loans and other financial transactions forecasts. All this, together with new policy decisions, builds the outlook for borrowing and debt.

In Chapter 5, we assess the Government against its fiscal targets and assesses their likelihood of being met on current policy under our central forecast. We consider the uncertainty around our fiscal forecast and the risks to the Government meeting its targets.

Annex A contains detailed summary tables setting out our Economic and fiscal forecasts and Annex B describes the policy costings process.

Information or data which has been released as a result of external requests, since the original publication of the main document.