The provisional estimates for public sector finances published by the ONS suggest that the current budget deficit for February 2012 amounted to £11.1bn (excluding the temporary effects of financial interventions) with net borrowing (PSNB) of £15.2bn and net debt (PSND) of £995bn equivalent to 63.1% of GDP.
At £11.1bn the public sector current budget deficit is £6.7bn higher than February 2011 when it was £4.3bn. Net borrowing has increased by £6.3bn. Net debt has increased by £117.7bn from £877.3bn in February 2011 to £995bn this year.
The PSNB main components were central government with £13.1bn of borrowing, local government with £2.4bn and general government with -£0.3bn. Central government net cash requirement was £5.9bn, £2bn more than February last year.
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