Tuesday, 24 December 2013

Government Borrowing Down £2bn

Public sector net borrowing (PSNB) excluding the temporary effects of financial interventions was £84bn, £2bn lower than a year earlier. PSNB in November 2013 was £16.5bn, £0.9bn up on 2012. Public sector net debt (PSND) was £1,231.7bn or 76.6% of GDP. The public sector current budget deficit was £14.2bn and public sector net investment was £2.3bn.

General government borrowing was £17.1bn of which £14.7bn is by central government and £2.4bn by local government. Non-financial public corporations contributed £0.6bn.

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