UK Explained
Questions · Money

How much does the government borrow?

In 2025-26 the government spent £1,360bn and collected £1,209bn, so it borrowed £151bn. That is about 11p of every £1 it spent.

BORROWING
4.9%
▼ 7.9 points since 2020-21
What’s this?

When spending is higher than money collected, the government borrows the difference. This is that gap in one year, as a share of the economy.

What it cannot tell you: It is one year's gap. It does not say whether the borrowing was necessary or wise.

Source: HM Treasury (PESA), HMRC and ONS public sector finances · latest 2025-26
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NATIONAL DEBT, SHARE OF THE ECONOMY
93.8%
▼ 2.3 points since January 2021
What’s this?

Public sector net debt: everything the public sector owes, minus the money and easily sold assets it holds, as a share of the economy. It is the total of past borrowing.

What it cannot tell you: A high or low figure is not by itself good or bad. What it means depends on interest rates, growth and what the borrowing paid for.

Source: ONS, public sector finances · latest August 2026
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GOVERNMENT SPENDING
44.3%
▼ 8.0 points since 2020-21
What’s this?

Everything the UK public sector spends in a year, as a share of everything the UK economy produces (GDP). Financial years run April to March.

What it cannot tell you: It does not say whether spending is too high or too low, or how well the money is used. Each year is shown as a share of that year's economy.

Source: HM Treasury (PESA), HMRC and ONS public sector finances · latest 2025-26
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MONEY COLLECTED
39.4%
▼ 0.1 points since 2020-21
What’s this?

Taxes and other income collected by the public sector, as a share of the economy.

What it cannot tell you: It does not show who pays the tax, or how tax rates have changed.

Source: HM Treasury (PESA), HMRC and ONS public sector finances · latest 2025-26
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Borrowing is one year’s gap. National debt is all the borrowing added up. See where the money comes from and goes.