Public sector spending (excluding public sector banks) in the UK increased by £9.1 billion year-on-year to £118.0 billion in May 2026, driven by rising costs of debt interest payments, public service delivery, investment, and benefits. Central government debt interest costs rose to £11.7 billion, the highest ever recorded for the month of May. source: Office for National Statistics

Fiscal Expenditure in the United Kingdom averaged 62728.52 GBP Million from 1997 until 2026, reaching an all time high of 123641.00 GBP Million in March of 2026 and a record low of 22824.00 GBP Million in May of 2000. This page includes a chart with historical data for the United Kingdom Central Government Expenditure. United Kingdom Total Public Sector Spending Exc Banks - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	118046.00	118945.00	GBP Million	May 2026
Public Sector Net Borrowing Ex Banks	-23294.00	-23033.00	GBP Million	May 2026
Government Debt	2984.30	2940.80	GBP Billion	May 2026
Government Revenues	94752.00	95912.00	GBP Million	May 2026
Government Spending	149462.00	148909.00	GBP Million	Mar 2026
Government Spending to GDP	44.60	44.00	percent of GDP	Dec 2025
Interest Payments on Government Debt	11747.00	9762.00	GBP Million	May 2026
Public Sector Net Borrowing	-23294.00	-23033.00	GBP Million	May 2026
Public Sector Net Debt to GDP	95.10	94.10	percent of GDP	May 2026
Tax Revenue	63651.00	64831.00	GBP Million	May 2026

United Kingdom Total Public Sector Spending Exc Banks

In the United Kingdom, Fiscal Expenditure refers to total public sector spending excluding banks and covers all current and capital spending carried out by the public sector, including depreciation. This is equal to public sector current expenditure (such as the cost of central government's provision of services and grants, payment of social benefits and the payment of the interest on its outstanding debt), plus public sector net investment, plus deprecation.