Government Borrowing Down £1.3bn

The current budget deficit for September 2011 was £11.9bn (excluding temporary effects of financial intervention), £0.9bn lower than 2010 according to the ONS. Net borrowing was £14.1bn also lower than in September 2010 when it was £15.4bn. Net debt £966.8bn or 62.6% of GDP compared with £833bn in September 2010. Central government net cash requirement in September 2011 was £2.1bn lower than last year at £23bn.