Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties.
Now we are in a post Covid 19 world. UK’s HM Government needs to fund many new demands. [www.dmo.gov.uk]

https://dmo.gov.uk/data/pdfdatareport?reportCode=D2.1PROF7

Another deficit month, thus to bridge the gap, needs to borrow on the bond market in April 2023, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were “only” 6 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

19-Apr-2023 4 1/8% Treasury Gilt 2027 £4,241.5650 Million
18-Apr-2023 3¾% Treasury Gilt 2053 £2,812.4990 Million
13-Apr-2023 3¼% Treasury Gilt 2033 £4,062.4970 Million
12-Apr-2023 0 1/8% Index-linked Treasury Gilt 2039 3 months £1,124.0240 Million
05-Apr-2023 0½% Treasury Gilt 2029 £4,374.9970 Million
04-Apr-2023 1 1/8% Treasury Gilt 2039 £2,250.0000 Million

£4,241.5650 Million + £2,812.4990 Million + £4,062.4970 Million + £1,124.0240 Million + £4,374.9970 Million + £2,250.0000 Million = £18,865.582 Million

£18,865.5 Million = £18.8655 Billion

On another way of looking at it, is in the 30 days in April 2023, HM Government borrowed:- £628.85273333333333333333333333333 Million each day for the 30 days.

We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from 2027 to 2053. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“