UK public sector net borrowing was £16.4 billion in March, up £2.8 billion YoY and the third-highest March figure since records began in 1993..

• Current receipts were £93.5 billion in March 2025, £2.5 billion more than in March 2024.
• Current expenditure was provisionally estimated as £88.9 billion in March 2025, £6.2 billion more than in March 2024.
• The central government net cash requirement in March was £21.1 billion, down -£7.4 billion YoY.
• Full-year borrowing for FYE March 2025 was £151.9 billion, up £20.7 billion YoY and £14.6 billion above OBR forecasts.
• The current budget deficit was £74.6 billion (2.6% of GDP), £12.6 billion higher YoY and £13.9 billion over forecast. The deficit was the 12th highest since FYE 2009.
• Full year receipts were £1,031.2 billion in the FYE 2025, £33.6 billion more than FYE 2024.
• Full year spending was £1,031.2 billion in the FYE 2025, £48.5 billion more than FYE 2024.
• Public sector net debt (ex. banks) rose to 95.8% of GDP, the highest level since the early 1960s.
• Public sector net financial liabilities reached 83.5% of GDP, up 2.6 ppts YoY.