The annual funding study conducted by the National Association of Head Teachers (NAHT) shows that 18 per cent of schools are currently in deficit. This compares to eight per cent a year ago.
Furthermore, 71 per cent of schools say they are only able to balance their budgets by making cuts or biting into their reserves.
The most common cost-saving measure was cutting back on investment in equipment (85 per cent).
The study, which is based on schools’ budgets for 2016/17, involved more than 1,100 schools and the NAHT said the findings showed that many were “close to breaking point”.
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