PARLIAMENTARY WRITTEN QUESTION
Schools: Finance (19 December 2017)

We are delivering the biggest improvement to the school funding system for well over a decade and our national funding formula will create a fairer system.

We trust schools to manage their own budgets with the great majority having a cumulative surplus of funds, built up over a number of years. The latest published figures for England’s schools showed an overall cumulative surplus of more than £4 billion (for schools with a cumulative surplus), against a cumulative deficit of less than £300 million.

We continue to provide support to schools to help them use their resources in the most efficient way, so they can deliver the best value for the taxpayer.