UK Public Sector Net Borrowing

Borrowing - the difference between total public sector spending and income - was £10.7 billion in February 2025; this was £0.1 billion more than in February 2024 and the fourth highest February borrowing since monthly records began in 1993. The current budget deficit - borrowing to fund day-to-day public sector activities - was £3.3 billion in February 2025; this was £1.0 billion less than in February 2024 and the lowest February deficit since 2022. Borrowing in the financial year to February 2025 was £132.2 billion; this was £14.7 ...

Each January, tax receipts are always higher than in other months, because of receipts from self-assessed taxes; this often leads to a surplus whereby income exceeds expenditure rather than borrowing. Initial estimates show that the public sector was in surplus by £15.4 billion in January 2025; this was a £0.8 billion larger surplus than last year, and the highest January surplus since monthly records began in 1993. The current budget balance - receipts less the cost of day-to-day public sector activities - was in surplus by £24.6 ...

Borrowing – the difference between public sector spending and income – was £17.8 billion in December 2024; this was £10.1 billion more than in December 2023 and the highest December borrowing for four years. The current budget deficit – borrowing to fund day-to-day public sector activities – was £10.0 billion in December 2024; this was £7.3 billion more than in December 2023 and the highest December current budget deficit for two years. The interest payable on central government debt was £8.3 billion in December 2024, largely because ...

Borrowing – the difference between public sector spending and income – was £11.2 billion in November 2024, £3.4 billion less than in November 2023 and the lowest November borrowing for three years. Current budget deficit – borrowing to fund day-to-day public sector activities – was £6.8 billion in November 2024, £3.5 billion less than in November 2023 and the lowest November current budget deficit for three years. The interest payable on central government debt was £3.0 billion in November 2024, largely because of movements in the ...

Borrowing – the difference between public sector spending and income – was £17.4 billion in October 2024, £1.6 billion more than in October 2023 and the second highest October borrowing since monthly records began in January 1993. Current budget deficit – borrowing to fund day-to-day public sector activities – was £12.7 billion in October 2024, £0.4 billion more than in October 2023 and the second highest October deficit since monthly records began in April 1997. Central government debt interest payable was £9.1 billion in October ...

Borrowing – the difference between public sector spending and income – was £16.6 billion in September 2024, £2.1 billion more than in September 2023 and the third highest September borrowing since monthly records began in January 1993. The interest payable on central government debt was £5.6 billion in September 2024, £4.6 billion more than in September 2023; this was owing to the interest payable in September 2023 being exceptionally low at £0.9 billion because of movements in the Retail Price Index around that time, rather than ...

Borrowing - the difference between public sector spending and income - was £13.7 billion in August 2024, £3.3 billion more than in August 2023 and the third highest August borrowing since monthly records began in January 1993. Borrowing in the financial year to August 2024 was £64.1 billion, £0.3 billion more than in the same five-month period a year earlier and the third highest year-to-August borrowing since monthly records began in January 1993. Public sector net debt excluding public sector banks was provisionally estimated at ...

Borrowing - the difference between public sector spending and income - was £3.1 billion in July 2024, £1.8 billion more than in July 2023 and the highest July borrowing since 2021. Self-assessed income tax (SA) receipts in July 2024 were £12.9 billion, £1.1 billion more than in July 2023; however, because of the possibility of delayed July payments, we recommend considering July and August SA receipts as a whole when making year-on-year comparisons. Borrowing in the financial year to July 2024 was £51.4 billion, £0.5 billion less ...