Spotlight
Public sector net borrowing, excluding public sector banks (£ million)
£ 17,811 million
2024 DEC
- Release date:
- 22 January 2025
- Next release:
- 21 February 2025
Public sector finances, UK: December 2024
What's in the bulletin?
- Borrowing – the difference between public sector spending and income – was £17.8 billion in December 2024; this was £10.1 billion more than in December 2023 and the highest December borrowing for four years.
- The current budget deficit – borrowing to fund day-to-day public sector activities – was £10.0 billion in December 2024; this was £7.3 billion more than in December 2023 and the highest December current budget deficit for two years.
- The interest payable on central government debt was £8.3 billion in December 2024, largely because of movements in the Retail Prices Index; this was £3.8 billion more than in December 2023 and the third-highest December figure since monthly records began in January 1997.
The UK contribution to the EU budget
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Time series related to Public sector finance
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£ 17,811 million 2024 DEC
- Release date:
- 22 January 2025
- Next release:
- 21 February 2025
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£ 10,042 million 2024 DEC
- Release date:
- 22 January 2025
- Next release:
- 21 February 2025
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£ 7,769 million 2024 DEC
- Release date:
- 22 January 2025
- Next release:
- 21 February 2025
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£ 2,825.1 bn 2024 DEC
- Release date:
- 22 January 2025
- Next release:
- 21 February 2025
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97.2 % 2024 DEC
- Release date:
- 22 January 2025
- Next release:
- 21 February 2025
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£ 19,300 m 2024 DEC
- Release date:
- 22 January 2025
- Next release:
- 21 February 2025
Datasets related to Public sector finance
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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.
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Public sector finances tables 1 to 10: Appendix A
The data underlying the public sector finances statistical bulletin are presented in the tables PSA 1 to 10.
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Public sector current receipts: Appendix D
A breakdown of UK public sector income by latest month, financial year-to-date and full financial year, with comparisons with the same period in the previous financial year.
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Public sector finances borrowing by sub-sector: Appendix R
Public sector finances analytical tables (PSAT) showing transactions related to borrowing by sub-sector. Total Managed Expenditure (TME) is also provided.
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Government debt and deficit
Summary, reconciliation and revisions information on UK government deficit and debt figures by calendar and financial year.
Publications related to Public sector finance
Statistical bulletins
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Public sector finances, UK: December 2024
How the relationship between UK public sector monthly income and expenditure leads to changes in deficit and debt.
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UK government debt and deficit: December 2023
Quarterly estimates of UK government debt and deficit.
Articles
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Economic statistics classifications and developments in public sector finances
Includes the latest economic statistics classification updates, and information on future developments in public sector finance statistics.
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Alignment between public sector finances and national accounts
Explanation of the differences between public sector net borrowing estimates published in the public sector finances and those in the national accounts.
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Wider measures of public sector net debt
An update to previous wider measures of government debt articles, to support the release of the latest supplementary information on contingent liabilities and other potential obligations outside the public sector finances reporting framework.
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National Accounts articles
National accounts improvements to mixed income estimates.
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Effects of the economy on public sector net debt, UK
Examines the economic reasons behind the large increase in public sector net debt as a percentage of GDP over the last two decades.
Methodology related to Public sector finance
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