The data underlying the public sector finances statistical bulletin are presented in the tables PSA 1 to 10.

Time series data for public sector finances and important fiscal aggregates, based on the new European System of Accounts 2010: ESA10 framework.

Public sector finances analytical tables (PSAT) showing transactions related to borrowing by sub-sector. Total Managed Expenditure (TME) is also provided.

Presents the balance sheet, statement of operations and statement of other economic flows for the public sector, compliant with the Government Finance Statistics Manual 2014: GFSM 2014 presentation.

Latest data on the Public Sector Net Borrowing, Net debt and the cash requirement. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: Public Sector Finances

Due to different revision policies public sector data in the Public Sector Finances and general government data transmitted to Eurostat under the Excessive Deficit Procedure (EDP) legislation and ESA transmission programme have not been consistent with data published in National Accounts. A project commenced in late 2012 to align these datasets for the period from 1997 to 2007. This article covers works to align central government, local government and public corporation data.

Source agency: Office for National Statistics

Designation: Supporting material

Language: English

Alternative title: Public Sector Alignment, PSA,

Public sector expenditure for each country and region of the UK.

The latest public sector net borrowing by sub-sector and a summary of central government receipts and expenditure data.

Public sector debt interest spending in the United Kingdom reached 121 billion British pounds in 2023/24, compared with just under 130 billion pounds in the previous year.

Contains estimates of government deficit and debt data submitted biannually to the European Commission for the Excessive Deficit Procedure (EDP) in accordance with the Maastricht Treaty. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: Debit and Deficit

Public sector net debt amounted to 95.8 percent of gross domestic product in the United Kingdom during the 2024/25 financial year, or 90 percent when the Bank of England is excluded. UK government debt is at its highest levels since the early 1960s, due to a significant increase in borrowing during the COVID-19 pandemic. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44.7 percent of GDP. This spending was financed by 1.13 trillion pounds of revenue raised, and 151 billion pounds of borrowing. Although the UK government can still borrow money in the future to finance its spending, the amount spent on debt interest has increased significantly recently. Recent forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and will make it widely available by the winter of 2025.

Government debt in the United Kingdom reached over 2.8 trillion British pounds in 2024/25, compared with 2.69 trillion pounds in the previous financial year. Although debt has been increasing throughout this period, there is a noticeable jump between 2019/20, and 2020/21, when debt increased from 1.82 trillion pounds, to 2.15 trillion. The UK's government debt was the equivalent of 95.8 percent of GDP in 2024/25, and is expected to increase slightly in coming years, and not start falling until the end of this decade. Public finances in a tight spot With government debt approaching 100 percent of GDP, the UK finds itself in a tricky fiscal situation. If the UK can't reduce it's spending, or increase its revenue, the government will have to continue borrowing large amounts, increasing the debt further. Adding to the problem, is the fact that financing this debt has got steadily more expensive recently, with the government currently spending more on debt interest than it does on defence, transport, and public order and safety. Can the UK grow out its debt? After the Second World War, when the national debt reached over 250 percent of GDP, the UK managed to reduce its debt-to-GDP ratio, due to the economy growing faster than its debt over a long period of time. This is certainly the hope of the current Labour government, who are seeking to avoid significant tax and spending adjustments by strengthening the economy. Overdue investments in infrastructure and increased capital spending may eventually achieve this goal, but the government's declining popularity suggests they may not be in power by the time these policies might eventually bear fruit.

Revisions analysis for UK public sector statistics. Records monthly borrowing data from first and subsequent publications, illustrating bias to early estimates.

Monthly estimates of the main public sector finance statistics are issued jointly by the Office for National Statistics and HM Treasury.

Source agency: HM Treasury

Designation: National Statistics

Language: English

Alternative title: PSF

(CDID: NSRN) Month - Public sector finances time series Time series data for public sector finances and important fiscal aggregates, based on the new European System of Accounts 2010: ESA10 framework.