Net borrowing was £2.2bn lower in December 2011 than it was in December 2010 and the current budget deficit was £2.5bn lower in the same period according to the ONS. Public sector net debt however was up to £1003.9bn (64.2% of GDP) from £883bn at the end of December. These statistics from the ONS exclude the effects of the government's financial interventions.
The financial interventions of the government mean that the current budget deficit was £7.9bn in December 2011 (£11.3bn in 2010), net borrowing was £10.8bn (£13.9bn) and the public sector net debt was £2329.9bn or 149.1% of GDP (compared with £2257bn or 151.8% of GDP).
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