Increase In Deficit In April

The public sector finances provisional estimates for April from the ONS say that there was a current budget deficit of £9.3bn in April 2010 and net borrowing (PSNB) of £10bn. In April 2009 the budget deficit was £7.6bn and net borrowing was £8.8bn. At the end of April net debt (PSND) was £893.4bn equivalent to 62.1% of GDP compared to £755.4bn and 53.9% last year. If financial interventions are excluded PSNB was £11.12bn and PSND was £772bn or 53.8%.