In 2017, the UK's annual budget and 2.3% of GDP, the lowest level since. in 2017, the UK's deficit on the current account of the balance of payments fell to 3.3% of GDP, the lowest since 2011

to what extent do you agree that reducing the budget deficit is more important to the UK's macroeconomic performance than reducing the current account deficit on its balance of payments? justify your answer [25 Marks]