Friday, 6 June 2014

Government Borrowing Down £7.8bn

Public sector net borrowing (PSNB) including the net effects of financial interventions fell by £7.8bn to £107.4bn for the financial year 2013-14 compares with 2012-13 when it was £115.1bn. If financial interventions are excluded, PSNB was £95.2bn, £14.5bn up on 2012-13 when it was £80.7bn.

In April PSNB was £7.4bn (excl. temporary effects), £1.7bn up on April 2013. Public sector net debt (PSND) was £1270.8bn or 75.6% of GDP.

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