Goverment Borrowing Down £2.1bn

In December 2013 public sector net borrowing (excl. temporary effects of financial interventions) was £12.1bn, £2.1bn lower than December 2012.

The public sector current budget was -£9.5bn and public sector net investment was £2.5bn. Public sector net debt was £1254.3bn or 75.7% of GDP.

Borrowing by Government totalled £12.3bn with the £12.4bn borrowed by Central Government offset by negative Local Government borrowing of -£0.1bn. Non-financial Public Corporations also reported a negative borrowing figure, of -£0.2bn.