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Net fiscal balance by UK nation and region per capita, 2017–18. Nine of the twelve UK statistical regions (the exceptions are London, South East England and East of England) carry a deficit. At nearly £5,000 per capita, Northern Ireland's is the highest, followed by a £4,300 per capita fiscal deficit in Wales and £4,100 in North East ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Ireland: 2.2 Jun 2023 quarterly Italy: −8.0 Jun 2023 quarterly Kazakhstan: −3.5 Jun 2023 quarterly Kosovo Kosovo: 0.5 Jun 2023 quarterly Latvia: −3.0 Jun 2023 quarterly Liechtenstein: 2.7 2021 [3] assumed yearly [3] Lithuania: −1.3 Jun 2023 quarterly Luxembourg: −0.3 2022 yearly Malta: −4.8 Mar 2023 quarterly Moldova: −3.3 2022 yearly
The unique exposure of Ireland's low-tax business model to the United States could place its public finances at significant risk under a Donald Trump presidency - if he follows through on pre ...
The UK government has spent more than it has raised in taxation since financial year 2001-02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and Northern Ireland than it is in England.
At £4,300, Wales' fiscal deficit per capita is the second highest of the economic regions, after the Northern Ireland fiscal deficit, which is nearly £5,000 per capita. [ 5 ] [ 6 ] Tax revenue per capita in Wales is 76 percent of the UK average, but spending is 108 percent, leading to a shortfall.
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This fiscal deficit increased from £14.4 billion in 2019/20 to £25.9 billion in 2020/21. All countries and regions in the UK had a fiscal deficit in 2020/1, which included the North West of England at £49.9 billion; Scotland at £36 billion; Northern Ireland at £18 billion; London at £7.2 billion. [17]