Net borrowing in the U.K. public sector, excluding public sector banks, reached £9.4 billion in September, up £600 million year over year, marking the first annual September hike in five years, the Office for National Statistics said.
The Econoday consensus estimate was for borrowing to hit £9.5 billion in September.
Central government receipts rose 6.9% year over year to £61.2 billion in September. Total central government expenditure climbed 6.8% to £67.6 billion.
Borrowing from the start of the financial year in April through September was £40.3 billion, a £7.2 billion hike from the same period last year.
Public sector net debt, excluding public sector banks, increased £27.3 billion year over year to £1.791 trillion.