United Kingdom Government Budget Value

Last Release

Jun 30, 2025

Actual

-20,684

Units In

GBP Million

-17,440

Frequency

Monthly

Next Release

Aug 21, 2025

Time to Release

28 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
14,723 Jan 2024	-51,501 May 2020	-6,363.16 GBP Million	1993-2025	Office for National Statistics

In the UK, public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending (current expenditure plus net investment (capital spending less capital receipts)). Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”.

Latest Updates

Public sector net borrowing (excluding public sector banks) in the UK widened sharply to £20.7 billion in June 2025, up from £14.1 billion in the same month a year earlier, and exceeding market forecasts of £15.6 billion. This marked the highest level of borrowing since April 2021, as high inflation drove up the government’s debt servicing costs. Total public sector spending increased by £12.7 billion, largely due to a substantial £8.4 billion increase in debt interest payments. Meanwhile, total receipts rose by £6.1 billion, supported by a £2.3 billion increase in central government tax receipts and a £3.1 billion rise in compulsory social contributions. Borrowing for the financial year to June reached £57.8 billion—£7.5 billion higher than the same three-month period in 2024—making it the third-highest April–June borrowing on record, after 2020 and 2021. Lastly, public sector net debt excluding public sector banks was estimated at 96.3% of GDP at the end of June.