Tax take now projected to reach 35% of the economy
Tax as a share of nominal GDP
1948-49
1952-53
1956-57
1960-61
1964-65
1968-69
1972-73
1976-77
1980-81
1984-85
1988-89
1992-93
1996-97
2000-01
2004-05
2008-09
2012-13
2016-17
2020-21
2024-25
25
26
27
28
29
30
31
32
33
34
35
36
37
Outturn
March 2020 forecast
November 2020 forecast
March 2021 forecast