"Figure 2: For the first time since the financial year ending March 2004, general government deficit has been below 3% of GDP for four consecutive years","" "General government net borrowing (deficit) as a percentage of gross domestic product (GDP), UK, financial year ending March 1995 to financial year ending March 2020","" "","" "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" "1995/96","4.6","3" "1996/97","3.4","3" "1997/98","1.1","3" "1998/99","0","3" "1999/00","-0.9","3" "2000/01","-1.4","3" "2001/02","0.4","3" "2002/03","2.4","3" "2003/04","2.9","3" "2004/05","3.2","3" "2005/06","3","3" "2006/07","2.6","3" "2007/08","2.9","3" "2008/09","6.8","3" "2009/10","10","3" "2010/11","8.8","3" "2011/12","7.5","3" "2012/13","7.4","3" "2013/14","5.8","3" "2014/15","5.1","3" "2015/16","4.3","3" "2016/17","2.8","3" "2017/18","2.7","3" "2018/19","1.9","3" "2019/20","2.7","3"