Government Debt Interest Payments

Flashcard Definition

A type of government spending which often increases if government debt or interest rate increases.

Block Type

Flashcard

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Higher inflation delivers record debt interest spending - Office for Budget Responsibility

The budget deficit continues to fall year on year, with April-to-June borrowing of £55.4 billion down £5.7 billion on last year. But it was £3.7 billion above our most recent forecast profile, largely reflecting higher spending, alongside modestly lower receipts.

obr.uk

Higher inflation delivers record debt interest spending - Office for Budget Responsibility

Debt interest (central government, net of APF) - Office for Budget Responsibility

The Treasury coordinates the production of our debt interest forecast based on our assumptions about interest rates and forecast for RPI inflation. We discuss these forecasts at challenge meetings where we scrutinise the latest data and the effects of our assumptions and judgements.

obr.uk