Public sector net borrowing (excluding public sector banks) in the UK widened sharply to 20.7 billion GBP in June 2025, up from 14.1 billion GBP in the same month a year earlier, and exceeding market forecasts of 15.6 billion GBP. This marked the highest borrowing since April 2021, driven by a 12.7 billion GBP increase in total public sector spending, largely due to a substantial 8.4 billion GBP rise in debt interest payments. Meanwhile, total receipts rose by 6.1 billion GBP, supported by a 2.3 billion GBP increase in central government tax receipts and a 3.1 billion GBP rise in compulsory social contributions. Borrowing for the financial year to June reached 57.8 billion - 7.5 billion GBP higher than the same three-month period in 2024 - making it the third-highest April-June borrowing on record, after 2020 and 2021. Lastly, public sector net debt excluding public sector banks was estimated at 96.3% of GDP at the end of June.