Category Archive: Monthly public finances release

This morning’s ONS release estimates that borrowing in the first four months of 2025-26 totalled £60.0 billion. This is £6.7 billion above the same period last year and in line with the monthly profile consistent with our March forecast, with both accrued receipts and spending close to the March forecast profile.

This morning’s ONS release estimates that borrowing in the first three months of 2025-26 totalled £57.8 billion. This is £7.5 billion above the same period last year, which is exactly in line with our March forecast monthly profile. Central government receipts and spending are both broadly in line with the forecast profile. These initial outturn…

This morning’s ONS release estimates that borrowing in the first two months of 2025-26 totalled £37.7 billion. This is £1.6 billion above the same period last year and £2.9 billion below the monthly profile consistent with our March forecast. Central government spending is £1.6 billion below the forecast profile, though spending data is always highly…

We have published monthly profiles for receipts, spending and borrowing in 2025-26, consistent with our March 2025 Economic and fiscal outlook, below and alongside our monthly commentary on the public finances.

This morning’s ONS release provides an initial estimate for 2024-25 public sector net borrowing of £151.9 billion. This is £20.7 billion above the previous year and £14.6 billion above our March forecast. As the ONS state, this initial estimate should be seen as provisional and is typically revised in future. However, the current difference with…

This morning’s ONS release estimates that borrowing in the first ten months of 2024-25 totalled £118.2 billion. This is £11.6 billion above the same period last year and £12.8 billion above the monthly profile consistent with our October forecast. The year-to-date shortfall against forecast is driven by lower-than-expected receipts, particularly self-assessed tax receipts and corporation…

This morning’s ONS release estimates that borrowing in the first nine months of 2024-25 totalled £129.9 billion. This is £4.1 billion above the monthly profile consistent with our October forecast. This upside surprise against profile reflects higher-than-expected borrowing by local authorities and public corporations, with central government borrowing – the largest sector – slightly below…

This morning’s ONS release shows that borrowing in the first eight months of 2024-25 totalled £113.2 billion. This is £0.4 billion below the same period last year but £2.0 billion above the monthly profile consistent with our October forecast. This difference reflects upward revisions to borrowing by local authorities and public corporations, which is only…

This morning’s ONS release shows that borrowing in the first seven months of 2024-25 totalled £96.6 billion. This is £1.1 billion above the same period last year. The year-on-year increase is driven primarily by higher central government spending, particularly departmental consumption expenditure and welfare spending. Strength in receipts compared to last year has offset a…

This morning’s ONS release shows that borrowing in the first five months of 2024-25 totalled £64.1 billion.This is £0.3 billion above the same period last year and £6.2 billion above the monthly profile consistent with our March forecast. Higher-than-expected borrowing continues to be driven by departmental spending, particularly consumption expenditure on goods and services which…