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Budgeting Loans

Asked by Emma LewellLabourDepartment for Work and PensionsTabled Answered 6 January 2025UIN 20624

The question

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

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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