Public Sector Net Borrowing in the United Kingdom decreased to -23294 GBP Million in May from -23033 GBP Million in April of 2026. Public Sector Net Borrowing in the United Kingdom averaged -6004.80 GBP Million from 1993 until 2026, reaching an all time high of 32911.00 GBP Million in January of 2026 and a record low of -50285.00 GBP Million in May of 2020. source: Office for National Statistics

Related	Last	Previous	Unit	Reference
Credit Rating	87.00			Jun 2026
Fiscal Expenditure	118046.00	118945.00	GBP Million	May 2026
Government Budget	-4.30	-5.20	percent of GDP	Dec 2025
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 Debt to GDP	94.30	93.20	percent of GDP	Dec 2025
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
Holidays
Interest Payments on Government Debt	11747.00	9762.00	GBP Million	May 2026
Military Expenditure	88977.50	89814.60	USD Million	Dec 2025
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 Public Sector Net Borrowing

In the UK, public sector net borrowing measures the change in the public sectors accruing net financial indebtedness. This represents the balance for the financial account: the difference between the net acquisition of financial assets and the net incurrence of liabilities. Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”.