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The Statement

Borrowing so far this year

From April to August 2026 the government borrowed £77.3bn, £8.1bn more than the Office for Budget Responsibility (OBR) expected for those months in its March 2026 forecast. For the whole year to March 2027 the OBR forecasts £115bn.

Latest figures: Public sector finances, UK: August 2026, ONS, published Tuesday 22 September 2026 at 07:00 BST.

£77.3bnSourcedSum of the monthly values ONS published for April to August 2026 (series DZLS). The ONS bulletin gives the same total for the financial year so far.ONS Public sector finances, UK (PUSF time series dataset)borrowed from April to August 2026ONS figures, month by month
£69.2bnSourcedSum of the OBR's monthly profile for April to August 2026, consistent with its March 2026 forecast.OBR March 2026 Economic and fiscal outlook monthly profilesin the OBR's forecast for those monthsIts March 2026 forecast, split by month
+£8.1bnSourcedONS borrowing for April to August 2026 minus the OBR's monthly profile for the same months (March 2026 forecast). The ONS bulletin makes the same comparison.ONS Public sector finances, UK (PUSF time series dataset)above the forecast so farONS figures minus the OBR's path
£79.5bnSourcedSum of the monthly values for April to August 2025 in the ONS release of PSF-2026-09 (series DZLS). ONS revises past months, so this can differ from what it published a year ago.ONS Public sector finances, UK (PUSF time series dataset)in the same months a year earlierApril to August 2025, as since revised

Month by month

Each point is the total borrowed since April. The orange line stops at August 2026, the newest month ONS has published; the dashed line is where the OBR's forecast expected the total to be at each month, and the thin line is last year for comparison.

Borrowing so far this year, month by month, running total
  • 2026-27, ONS
  • OBR forecast path (March 2026)
  • 2025-26, ONS
£0bn£50bn£100bn£150bnAprMayJunJulAugSepOctNovDecJanFebMar£77.3bn£134bn£115bnApril 2026 2025-26, ONS: £20.1bn so far OBR forecast path (March 2026): £20.9bn so far 2026-27, ONS: £23.4bn so farMay 2026 2025-26, ONS: £38.4bn so far OBR forecast path (March 2026): £38.6bn so far 2026-27, ONS: £43.3bn so farJune 2026 2025-26, ONS: £62.6bn so far OBR forecast path (March 2026): £54.9bn so far 2026-27, ONS: £57bn so farJuly 2026 2025-26, ONS: £64.1bn so far OBR forecast path (March 2026): £54.4bn so far 2026-27, ONS: £59bn so farAugust 2026 2025-26, ONS: £79.5bn so far OBR forecast path (March 2026): £69.2bn so far 2026-27, ONS: £77.3bn so farSeptember 2026 2025-26, ONS: £102bn so far OBR forecast path (March 2026): £91.8bn so farOctober 2026 2025-26, ONS: £118bn so far OBR forecast path (March 2026): £108bn so farNovember 2026 2025-26, ONS: £128bn so far OBR forecast path (March 2026): £121bn so farDecember 2026 2025-26, ONS: £141bn so far OBR forecast path (March 2026): £131bn so farJanuary 2027 2025-26, ONS: £109bn so far OBR forecast path (March 2026): £96.9bn so farFebruary 2027 2025-26, ONS: £122bn so far OBR forecast path (March 2026): £102bn so farMarch 2027 2025-26, ONS: £134bn so far OBR forecast path (March 2026): £115bn so far

When the figures change

The Office for National Statistics publishes borrowing once a month. These figures, to August 2026, come from Public sector finances, UK: August 2026, published on Tuesday 22 September 2026 at 07:00 BST. The next release, with figures to September 2026, is due on Wednesday 21 October 2026 at 07:00 BST.

Our data job reads each new release early the next morning and updates this page once the change has been checked. ONS revises recent months in every release, so the total so far can move.

About the forecast path

The OBR forecasts borrowing for the whole year. To let anyone check progress, it splits that forecast into months using past patterns of tax and spending: its path for 2026-27, from the March 2026 forecast, came out on Thursday 23 April 2026. The OBR calls it broad-brush and illustrative and publishes it as one line with no range, so it is drawn as one line here. A gap part way through the year can grow or close by March.

The Chancellor presents the Autumn Budget 2026 on Wednesday 28 October 2026, with a new OBR forecast. Whether borrowing is running above or below the last forecast is part of the background to it.

Questions

What counts as borrowing here?

The gap between what the whole public sector spends and what it brings in from taxes and other income, month by month. Its official name is public sector net borrowing, excluding public sector banks.

Why compare with the OBR?

The Office for Budget Responsibility makes the official forecasts the government's Budgets are built on. It splits its forecast for the year into months, so anyone can see early whether the year is running ahead of or behind it. So far, from April to August 2026, borrowing is £8.1bn above that path.

Why does borrowing fall in January?

Most self-assessment income tax is due by 31 January, so receipts jump and the government often takes in more than it spends that month. The OBR's path and last year's figures both show the dip.

Will these numbers change?

Yes. ONS revises recent months in every release as fuller figures come in, so the total so far can move. This page always shows the newest release, and last year's months as that release revised them.

When are the next figures?

ONS publishes the next figures, to September 2026, on Wednesday 21 October 2026 at 07:00 BST. The OBR publishes a new path after each forecast.

Sources and editions

See the whole year's income and spending in the Statement, and how the numbers are made.