The UK government’s public sector net borrowing for July 2025 was reported at £1.1 billion, significantly lower than the estimated £2.0 billion and substantially less than the £20.7 billion recorded in July 2024 and £22.6 billion in July 2023. This marks the lowest July borrowing figure in three years. Despite this monthly improvement, borrowing for the financial year to July 2025 totaled £60 billion, which is £6.7 billion higher than the same period in the previous year. The lower-than-expected borrowing in July provides some relief amid ongoing fiscal challenges. Meanwhile, in the United States, the national debt has reached a record $37 trillion, surpassing projections and advancing five years ahead of schedule. This surge follows the enactment of the "One Big Beautiful Bill Act" on July 4, which contributed to a $780 billion increase in debt. Since 2020, the US public debt has increased by $14 trillion, raising concerns about fiscal sustainability.