United Kingdom | Interest payments (% of revenue)

Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source
United Kingdom | Interest payments (% of revenue)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 8.28049411
1973 9.21939834
1974 8.91789016
1975 9.23416241
1976 9.69642048
1977 9.59977666
1978 10.88343848
1979 11.79149955
1980 11.51035174
1981 11.48470907
1982 10.22592927
1983 10.54470075
1984 10.95242412
1985 10.85941811
1986 10.88435374
1987 11.53373988
1988 10.72211507
1989 10.13848198
1990 8.92450659
1991 7.48963586
1992 7.6026395
1993 8.3916052
1994 9.06443592
1995 10.05822596
1996 10.09771158
1997 10.23246103
1998 9.69628811
1999 8.06958976
2000 7.51274875
2001 6.62629426
2002 6.02056851
2003 6.04342813
2004 5.95531485
2005 6.1335828
2006 6.2514235
2007 6.78024621
2008 6.68007108
2009 6.28309738
2010 7.88396654
2011 9.94432115
2012 8.96428913
2013 8.79018352
2014 8.47272317
2015 7.34272123
2016 7.57444685
2017 8.19535582
2018 7.59149195
2019 6.70766865
2020 6.05866144
2021 8.14626764
2022

United Kingdom | Interest payments (% of revenue)

Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source