"Figure 2: For the first time since the financial year ending March 2004, general government deficit has been below 3% of GDP for three consecutive years","" "General government net borrowing (deficit) as a percentage of GDP, UK, financial year ending March 1995 to financial year ending March 2019","" "","" "Notes","1. GDP – gross domestic product. 2. Deficit to GDP ratio reference value is 3%." "Unit","Percentage of GDP" "","" "Financial year","Percentage of GDP","Deficit reference value" "1994/95","5.7","3.0" "","4.6","3.0" "1996/97","3.4","3.0" "","1.1","3.0" "1998/99","0.0","3.0" "","-0.9","3.0" "2000/01","-1.4","3.0" "","0.4","3.0" "2002/03","2.4","3.0" "","2.9","3.0" "2004/05","3.2","3.0" "","3.0","3.0" "2006/07","2.6","3.0" "","2.9","3.0" "2008/09","6.8","3.0" "","10.0","3.0" "2010/11","8.8","3.0" "","7.5","3.0" "2012/13","7.4","3.0" "","5.8","3.0" "2014/15","5.1","3.0" "","4.3","3.0" "2016/17","2.8","3.0" "","2.7","3.0" "2018/19","1.8","3.0"