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Government borrowing

Public sector net borrowing — the gap between government spending and receipts, in billions of pounds.

-£18bn
-795.6% vs 2026-07

As of 2026-08

Historical trend

Trend summary

Government borrowing was -£18bn in 2026-08, down from -£2.0bn in 2026-07.

Trend

  • Over the available record (1993-01–2026-08), it has ranged from -£51bn in 2020-05 to £32bn in 2026-01.
  • The latest reading is below the record average of -£6.5bn.

Context

  • ONS publishes public sector finances monthly; figures are revised as tax receipts and expenditure outturns are confirmed.
  • The fiscal year runs April to March; full-year figures are published in late April.

Generated from the published series — describes direction, magnitude and range only, with no editorial judgement or forecasts.

About this indicator

Source
ONS/ HMRC
Update frequency
Monthly
Last updated
9 October 2026
Next update
9 November 2026
Licence
OGL v3
Direction
↓ Falling

Statistics

Latest
-£18bn
Period high
£32bn
Period low
-£23bn
Period average
-£11bn