UK Public Sector Net Borrowing

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 ...

Borrowing – the difference between public sector spending and income – was £14.5 billion in June 2024, £3.2 billion less than in June 2023 and the lowest June borrowing since 2019. The interest payable on central government debt was £7.4 billion in June 2024, £5.5 billion less than in June 2023, largely because the interest payable on index-linked gilts rises and falls with the Retail Prices Index (RPI). Public sector net debt excluding public sector banks was provisionally estimated at 99.5% of gross domestic product (GDP) at the ...

Borrowing – the difference between public sector spending and income – was £15.0 billion in May 2024, £0.8 billion more than in May 2023 and the third highest May borrowing since monthly records began in 1993. Borrowing in the financial year-to-May 2024 was £33.5 billion, £0.4 billion more than in the same two-month period a year earlier and the fourth highest year-to-May borrowing since monthly records began. Public sector net debt excluding public sector banks was provisionally estimated at 99.8% of gross domestic product (GDP) at ...

Borrowing – the difference between public sector spending and income – was £20.5 billion in April 2024, the fourth highest April borrowing since monthly records began in 1993. Borrowing in April 2024 was £1.5 billion more than in April 2023 and £1.2 billion more than the £19.3 billion forecast by the Office for Budget Responsibility (OBR). Public sector receipts grew by £1.6 billion compared with April 2023, however, this growth was outstripped by a £3.1 billion increase in spending over the same period. Since our March 2024 ...