2016 United Kingdom budget

2016 (2016) United Kingdom budget
PresentedWednesday 16 March 2016
Parliament56th
PartyConservative Party
ChancellorGeorge Osborne
Total revenue£716 billion ($0.98 trillion)
Total expenditures£772 billion ($1.06 trillion)
Deficit£56 billion (2.9% of GDP)
Website2016 UK Budget
Chancellor George Osborne delivering his Budget Statement

The 2016 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 16 March 2016.

It was the second fully Conservative budget delivered by Osborne, after the July 2015 budget. This was to be Osborne's last budget as Chancellor, as he was replaced by Philip Hammond on 13 July by way of Theresa May's cabinet reshuffle.