The proportion of local authority schools with a budget deficit has increased dramatically and average revenue balances for schools in surplus have fallen.
The latest figures from the Department for Education (DfE) show that 13.1% of local authority maintained schools report an overall budget deficit in 2022/23.
This is an increase of 4.3% on 2021/22 when 8.8% of schools were in the same position.
It has sparked a warning from the National Foundation for Educational Research (NFER) that at least one in 10 schools will need to make cuts in the coming year if they are to balance their finances.
