UK Government credit In April increased by £ 20.2 billion, more than forecasts and Chancellor concerns increased Rahel reevesThe ability to meet his fiscal goals.
It marks the fourth highest April borrowing figure on the record, according to the increase of £ 1 billion compared to the same period last year’s same period. National statistics office (ONS).
The difference between pure lending of public sector, government spending and income (mainly tax receipts), £ 17.6 billion analyst is quite high of predictions.
This is a challenge for Reeves, which aims to balance day-to-day spending with revenue by 2029–30, as well as promotes improvement and economic growth in public services.
Many factors contributed to increased lending, including public sector salary, increase in national Insurance Payment, and high profit and state pension payment.
A sufficient increase of £ 4.2 billion in the central government spending on goods and services was also seen, which reached £ 37.9 billion operated by April increment and inflation pressure.
Meanwhile, the social benefits paid by the state increased to £ 1.3 billion to £ 26.8 billion after being linked to inflation in many benefits.
Public sector net loan Britain was estimated 95.5 percent Gross domestic product (Gross domestic product) at the end of April 2025, which means the loan ratio was 0.7 percent higher than a year ago and remains at the last level in the early 1960s.
Deputy director of public sector finance ONS Rob Doody stated: “On the same time than last year, £ 1 billion, the fourth highest for the beginning of the borrowed financial year was the highest because the monthly record began more than 30 years ago.
“The receipts were on last April, partially thanks to the high rate of national insurance contribution.
“However, it was spent more than the rising cost of public services and many benefits and increase in state pension, more than more expenses.”
On Thursday, ONS also amended its borrowed figures for the latest financial year, by March 2025, after getting more information about tax receipts, from 3.7 billion pounds to £ 148.3 billion.
It was still above about 11 billion pounds of forecast set by the official forecaster of the government, the office for budget responsibility.
To Chief Secretary Shocking Darren Jones said: “After years of economic instability, crippling the public purse, we have taken the decisions to stabilize our public finance, which has helped cut four interest rates since August, which has cut the cost of borrowing for businesses and working people.
“We’re fine NHSWith three million and appointments to bring down the waiting list, rebuilding Britain with our landmark planning reforms and strengthening our boundaries, distributing the country’s priorities through our plan for change. ,