Budgeting Loans

(asked on 17th December 2024) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, how much her Department spent on Budgeting Loans (a) overall and (b) in each category in the 2023-24 financial year.


Answered by
Emma Reynolds Portrait
Emma Reynolds
Economic Secretary (HM Treasury)
This question was answered on 6th January 2025

The total spent on Budgeting Loan awards in the 2023/24 financial year was £260.6 million.

A category breakdown for budgeting loans will be published in due course in the 2023/24 Social Fund annual report. This will include the breakdowns by regions, claimant group, family composition and reason for refusal by application group.

Please see for more information the 2023/24 Social Fund Annual Accounts- Social Fund Account 2023 to 2024 - GOV.UK

And previous Social Fund Annual reports- Social Fund accounts and reports - GOV.UK

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