UK public sector net borrowing (excluding public sector banks) narrowed to £16 billion in June 2026 from £23.9 billion a year earlier, coming in below market expectations of £19.8 billion. Still, it was the seventh-highest borrowing recorded for any June since comparable records began in 1993, reflecting stronger tax receipts, particularly from income-related taxes and VAT, alongside slightly lower public spending, as lower inflation-linked debt interest costs helped offset higher expenditure on public services and benefits. Central government debt interest payments fell 31% year-on-year to £11.8 billion, though they remained the fourth-highest for any June on record. Borrowing in the financial year through June totaled £57.6 billion, down £3.7 billion from the same period in 2025 but £2.7 billion above the Office for Budget Responsibility's forecast, while public sector borrowing stood at 1.9% of GDP, marking the tenth-highest April-to-June reading since records began in 1993. source: Office for National Statistics

The United Kingdom recorded a government budget deficit of 15989 GBP Million in June of 2026. Government Budget Value in the United Kingdom averaged -6507.68 GBP Million from 1993 until 2026, reaching an all time high of 32933.00 GBP Million in January of 2026 and a record low of -51127.00 GBP Million in May of 2020. This page provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Public Sector Net Borrowing Ex Banks - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

The United Kingdom recorded a government budget deficit of 15989 GBP Million in June of 2026. Government Budget Value in the United Kingdom is expected to be -13200.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Public Sector Net Borrowing Ex Banks is projected to trend around -13900.00 GBP Million in 2027 and -11200.00 GBP Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-19 06:00 AM
Public Sector Net Borrowing Ex Banks
May £-23.3B £-23.0B £-18.5B £-17.0B
2026-07-21 06:00 AM
Public Sector Net Borrowing Ex Banks
Jun £-16B £-23.3B £-19.8B £-17.5B
2026-08-21 06:00 AM
Public Sector Net Borrowing Ex Banks
Jul £-16B


Related Last Previous Unit Reference
Fiscal Expenditure 116758.00 117075.00 GBP Million Jun 2026
Public Sector Net Borrowing Ex Banks -15989.00 -19995.00 GBP Million Jun 2026
Government Debt 2989.90 2976.00 GBP Billion Jun 2026
Government Revenues 100769.00 97080.00 GBP Million Jun 2026
Government Spending 151058.00 149110.00 GBP Million Mar 2026
Interest Payments on Government Debt 11771.00 11747.00 GBP Million Jun 2026
Public Sector Net Borrowing -15989.00 -19995.00 GBP Million Jun 2026
Public Sector Net Debt to GDP 94.90 94.80 percent of GDP Jun 2026
Tax Revenue 68038.00 65181.00 GBP Million Jun 2026


United Kingdom Public Sector Net Borrowing Ex Banks
In the UK, public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending. Total spending refers to current expenditure plus net investment (capital spending less capital receipts). Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”.
Actual Previous Highest Lowest Dates Unit Frequency
-15989.00 -19995.00 32933.00 -51127.00 1993 - 2026 GBP Million Monthly
Current Prices, NSA

News Stream
UK Public Borrowing Lower Than Expected
UK public sector net borrowing (excluding public sector banks) recorded £16.0 billion in June 2026, a third lower than £23.9 billion in the same month last year and below market expectations of £19.8 billion. In the financial year through June 2026, public sector net borrowing stood at £57.6 billion, £3.7 billion lower than in the same period last year but £2.7 billion above the OBR’s March forecast, marking the tenth-highest April-to-June borrowing since comparable records began in 1993. Central government receipts rose to £95.0 billion, up £5.2 billion from a year earlier, supported by strong growth in income-related taxes and Value Added Tax receipts. Meanwhile, central government expenditure eased to £111.4 billion from £112.9 billion, largely reflecting a £5.3 billion decline in debt interest payments to £11.8 billion, although they remained the fourth-highest June on record. Public debt remained close to 95% of GDP, near its highest level since the early 1960s.
2026-07-21
UK Public Borrowing Highest for Any May in 6 years
UK public sector net borrowing (excluding public sector banks) rose to £23.3 billion in May 2026 from £17.9 billion last year, above market expectations of £18.5 billion. This was the second-highest borrowing for any May on record, behind that of 2020, indicating a tight fiscal situation. Public sector spending increased by £9.1 billion year-on-year to £118.0 billion, driven by rising costs of debt interest payments, public service delivery, investment, and benefits. Central government debt interest costs were the highest ever recorded for the month of May. Public sector receipts rose by £3.7 billion to £94.8 billion, supported by higher tax receipts. Public sector net debt excluding public sector banks was equivalent to 95.1% of GDP at the end of May, up 0.4 ppts from a year ago. Borrowing in the FY to May was £46.3 billion, up £8.9 billion from the same period in 2025 and £7.7 billion more than the OBR’s forecast in March before the full impact of the Middle East war were known.
2026-06-19
UK Public Borrowing Above Expectations
UK public sector net borrowing (excluding public sector banks) widened to £24.3 billion in April 2026 from £19.5 billion a year earlier, above market expectations of £20.9 billion. It was the second-highest April borrowing on record, underlining pressure on the public finances. The reading contrasts with March forecasts that borrowing would fall to 3.6% of GDP in the 2026/27 tax year, its lowest level since before the COVID-19 era. However, the war involving Iran has increased the risk of an economic slowdown, threatening tax revenues while adding pressure on Chancellor Rachel Reeves to support households and businesses facing higher energy costs. Public sector spending rose by £7.6 billion, driven by higher welfare costs, increased investment, public service spending, and record April debt interest payments. Meanwhile, public sector receipts increased by £2.7 billion. Public sector net debt stood at 94.2% of GDP at the end of April, up 0.5 percentage points from a year earlier.
2026-05-22