How much is the government borrowing?

Spending minus income since April

£77.3bn

April 2026 to August 2026, year so far

Down from £79.5bn at the same point last year

NeutralBorrowing this year is close to last year.Why this signal?

Where this sits in the last 10 years
10-year low £10bn10-year high £310.8bn
Published
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Recent figures may be revised.

Forecast

Office for Budget Responsibility expects borrowing of £115.5 billion from April 2026 to March 2027 (March 2026 forecast).

Government borrowing

Selected pointAugust 2026 · £18.3bn, up £2.9bn on a year earlier

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Good signNeutralWarning sign

Usual range (middle 80% of the last 10 years)

Each year adds up April to March. 2026 to 2027 so far covers April to August.

Each line is the running total from April. 2026 to 2027 so far covers April to August.

Source: Office for National Statistics

What this means for people

Borrowing fills the gap when the public sector spends more than it receives, and it adds to the debt.

The gap is what the government and other public bodies spent above taxes and other income. Spending includes day-to-day costs, such as schools and hospitals, investment such as roads, and interest on money already owed.

Borrowing less does not, by itself, bring the debt down. More tax arrives in some months, such as January, when many people pay self-assessment bills.

Latest figures

See the figures as a table
The latest 12 readings, newest first.
PeriodValue
August 2026£18.3bn
July 2026£2bn
June 2026£13.7bn
May 2026£19.9bn
April 2026£23.4bn
March 2026£12.3bn
February 2026£12.8bn
January 2026−£32bn
December 2025£12.9bn
November 2025£9.9bn
October 2025£16.2bn
September 2025£22.8bn
Each year adds up April to March.
YearPeriod coveredValue
2026 to 2027 so farApril to August£77.3bn
2025 to 2026April to March£134.3bn
2024 to 2025April to March£149.8bn
2023 to 2024April to March£135.2bn
2022 to 2023April to March£123.8bn
2021 to 2022April to March£116bn
2020 to 2021April to March£310.8bn
2019 to 2020April to March£58.8bn
2018 to 2019April to March£44.1bn
2017 to 2018April to March£61.4bn
2016 to 2017April to March£57.1bn
2015 to 2016April to March£80.1bn
Each month
Each line is the running total from April.
Period2023 to 20242024 to 20252025 to 20262026 to 2027 so far
April£20.2bn£19.4bn£20.1bn£23.4bn
May£35.8bn£36.9bn£38.4bn£43.3bn
June£55.2bn£51.5bn£62.6bn£57bn
July£58.4bn£55.4bn£64.1bn£59bn
August£70.4bn£70.2bn£79.5bn£77.3bn
September£86.3bn£88.9bn£102.2bn
October£103bn£108bn£118.4bn
November£118.1bn£121.3bn£128.3bn
December£126.4bn£139.7bn£141.2bn
January£111.3bn£124.7bn£109.2bn
February£121.8bn£136.4bn£122bn
March£135.2bn£149.8bn£134.3bn

CSVJSON

How to read this

Not seasonally adjusted

Not seasonally adjusted: compare with the same point last year, not only with the month before.

The year so far is clearer

The financial year runs from April to March. The total since April is a better guide than any one month.

Borrowing is not debt

Borrowing is the gap between spending and income in one period. Debt is the total still owed from all past borrowing.

Not adjusted for inflation

Amounts are in pounds at the time, so borrowing from many years ago is not directly comparable with today.

Source

Publisher
Office for National Statistics
Official title
Public sector net borrowing excluding public sector banks (PSNB ex), not seasonally adjusted
Series
J5II
Geography
United Kingdom
Status
Our calculation
How we worked this out
We add up each month since April to give the total so far this financial year.
Cite this

Office for National Statistics (2026) Public sector net borrowing excluding public sector banks (PSNB ex), not seasonally adjusted, April 2026 to August 2026, year so far (series J5II).