Public sector finance statistics show that the current deficit was £2.8bn higher than March 2009 at £14.8bn. Public sector net borrowing (PSNB) was £3.4bn higher at £23.5bn. Central goverment borrowed £21.6bn, local government £2.1bn and public corporations -£0.3bn. Public sector net investment was £8.7bn, up £0.6bn on March 2009. The public sector net cash requirement was £2.6bn lower at £25.8bn. Public sector net debt (PSND) was £890bn or 62% of GDP from £742bn, 52.9% at the end of March 2009.
The financial interventions introduced by the government are still making a difference to the economy. PSNB excluding interventions was £35.5bn in Q4 2009 from £26.4bn in Q4 2008-9. PSND excluding financial interventions in March 2010 was £771.6bn or 53% GDP from £617bn or 44% GDP last year.
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