Public Sector Deficit £6.5bn

The public sector current budget deficit in February 2011 was £6.5bn (excluding the temporary effects of financial interventions). Net borrowing was £11.8bn. Central government borrowing was £10.3bn and local government £1.7bn (General government borrowing £12bn) with public corporations -£0.2bn. Public sector net investment was £5.2bn, less than the £5.8bn invested in February 2010. Net debt at the end of February was £875.8bn, or 58% of GDP.

Central government receipts were £43.1bn and expenditure was £49.3bn giving a current budget deficit of -£6.8bn. The net investment of £3.5bn gives the net borrowing figure of £10.3bn.