Government Borrowing £14.1bn In November

Public sector net borrowing (PSNB ex) was £14.1bn in November 2014 down £1.6bn on November 2013. The figure of £14.1bn is made up of the current budget deficit of £11.6bn added to net investment of £2.5bn. The fall is mainly due to a decrease of £1.2bn in central government net borrowing. Net debt at the end of November was £1,457.2bn or 79.5% GDP.

A sub-sector breakdown of net borrowing (PSNB) shows that central government borrowing was £13.3bn. local government borrowing was £2.1bn and public non-financial corporations was -£0.2bn. The Bank of England's borrowing was -£1bn. Public financial corporations borrowing was -£0.7bn giving PSNB of £13.4bn

The public sector net cash requirement excluding public sector banks (PSNCR ex) was £8.5bn in November 2014 $4.1bn or 32.5% lower than November 2013.

Government Borrowing Increased By £0.7bn In August

Public sector net borrowing excluding public sector banks (PSNB ex) in August 2014 was £11.6bn, £0.7bn up on August 2013 according to statistical data from the ONS. The current budget deficit was £9.4bn and net investment was £2.2bn. PSND ex was £1,432.2bn, up £96.7bn compared with August 2013. Net borrowing from April to August 2014 increased £2.6bn to £45.4bn compared with the same period in 2013.

Government borrowing can be further broken down sectorally, general government accounted for £12.8bn of which central government accounted for £10.9bn and local government £1.9bn, public non-financial corporations -£0.1bn and the Bank of England -£1.1bn. Public financial corporations accounted for -£0.8bn and PSNB was £10.9bn.

Central government net cash requirement from April to August was £33.4bn up £5.6bn compared with 2013-14.

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.

Government Borrowing Down On Last Year

The Public Sector Finance statistics for March 2014 were published on 23 April 2014. In March 2014, public sector net borrowing was £6.7, £4.7bn lower compared to £11.4bn in March 2013. Over the financial year 2013-14 PSNB excluding the temporary effects of financial intervention and the impact of cash transfers from the asset purchasing facility and the Royal Mail Pension Plan transfer was £107.7bn.

Central government net cash requirement was £75.4bn, lower by £29.6bn than the £105bn in 2012-13. In March it was £22.2bn. The sale of the Lloyds Banking Group reduced the public sector net cash requirement by £4.2bn. Public sector net debt for March 2014 was £1268.7 equivalent to 75.8% GDP.

In the UK the PSNB Sectoral Breakdown consists of figures from the 4 main sub-sectors: central government, local government, non-financial public corporations and financial corporations ie public sector banking groups. The largest share of borrowing is accounted for by central government. In March 2014, the sectoral breakdown of general government borrowing of £7.1bn was as follows: central government £7.2bn, local government -£0.1bn, non-financial public corporations -£0.4bn (PSNB=£6.7bn) and public sector banking groups -£1.8bn (PSNB=£4.9).

Current budget equals current receipts minus current expenditure and in March 2014 it stood at -£79.6. Current receipts were £49.8bn 5.7% up on last March. The main increases were from VAT (£0.6bn or 5.8%) and income tax (7.8% or £1bn). PAYE varies little during the year. Other receipts were from stamp duties (£1.1bn in March and £12.6bn over financial year 2013-14).

Central government current expenditure accrued to £52.4bn, 1.3% lower than March 2013. Over the financial year accrued government expenditure was £640.2bn 1.4% up on the previous year. Net social benefit expenditure was £193.4bn and other current expenditure was £398.7bn or £6.7bn higher. In 2012-13 local authorities got almost all their funding from redistributed business rates from DCLG rather than the Revenue Support Grant. In 2013-14 local authorities retained half their business rates with the remainder redistributed through the Revenue Support Grant.

In 2012-13 central government accrued current expenditure was £631.1bn, £12bn up on 2011-12. The £12bn was composed of £10bn increase in net social benefits mostly pension benefits, £0.8bn decrease in interest payments and £23.8bn increase in other current expenditure. Net social benefits increases are largely due to the 5.2% uprating of benefits in line with the CPI.

Public Borrowing Down £4bn

In the financial year to date public sector net borrowing (PSNB) stands at £78.5bn compared with last year's £62.8bn or £15.6bn more than last year. If the effects of temporary financial interventions and the effects of the Royal Mail Pension Plan and the transfers from the Bank of England Asset Purchase Facility Fund are excluded PSNB was £90.7bn, £4bn lower than the same time last year.

In January 2014 PSNB was £-4.7bn (in surplus). Last year at the same time PSNB was £-6bn. Public sector net debt (PSND) in January 2014 was £1,239.5bn or 74.6% of GDP. The central government net cash requirement for the year to date was £49.7bn which is £21.9bn lower than last year when it was £71.6bn.

The current budget for the year to date was £60.1bn and public sector net investment was £18.4bn, the resulting public sector net borrowing figure is £78.5bn.

The public sector current budget (receipts minus liabilities) for January 2014 was £7.9bn and public sector net investment (PSNI) was £3.2bn so PSNB was £-4.7bn. Total central government borrowing amounted to £-4.4bn, of which central government borrowing was £-6bn and local government spending was £1.6bn. Non-financial corporations accounted for £-0.3bn. PSNB ex was £-4.7bn. Public sector banking groups also accounted for £-1.7bn giving a PSNB figure of £-6.4bn.

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.

Government Borrowing £0.2bn Lower Than Last Year

The latest figures from the ONS on public sector finance suggest that in October 2013, public sector net borrowing excluding the effects of financial intervention (PSNB ex) was £8.1bn. General Government borrowing totalled £8.2bn of which central government accounted for £7.7bn and local government £0.5bn. Non-financial public corporations reported -£0.1bn of borrowing. Public sector net debt (PSND) was £1207.2 or 75.4% of annual GDP. The public sector current budget was -£5.7bn and public sector net investment (PSNI) was £2.3bn.

Public Sector Finances In July

Public Sector Net Borrowing (PSNB) in July was £0.1bn, £0.9bn more than in July last year (excluding temporary effects of financial intervention). Net debt was £1,193.4bn or 74.5% of GDP. The central government net cash requirement increased by £3.9bn to £19bn, £4.9bn less than the same time last year. The current budget was £1.8bn.

Public Borrowing Up In April

Government borrowing fell by £35.8bn to £85.1bn in 2012-13. PSNB was £120.9bn in 2011-12. In April government borrowing was £6.3bn, £25.4bn up on April 2012 when it was -£19.1bn. At the end of April 2013 government debt was £1,185.3bn or 75.2% of GDP. PSND in April 2012 was £1,086.5bn or 70.6% of GDP.

The current budget, the difference between receipts and expenditure for April was -£5.6bn compared with -£8.2bn in 2012 a difference of £2.5bn. Net investment was £0.7bn.

Current Deficit Up £0.9bn

The public sector current budget deficit was £10.6bn in March 2013, up £0.9bn on March last year. Public sector net borrowing was down £1.6bn on last March to £15.1bn. Both the current budget deficit and net borrowing are reduced by £6.4bn due to cash transfers from the Bank of England Asset Purchase Facility Fund to Government. The Royal Mail Pension Plan also brought net borrowing down and public sector net investment down by £28bn.

Public sector net investment was £4.6bn compared to £7bn in March 2012. The 4G Spectrum auction receipts of £2.3bn are included in the 2012/13 PSNB ex figures. The 4G auction like the Olympics are recent events that affect public sector finances statistics. The central government net cash requirement for 2012/13 was £109.5bn, £17bn lower than in 2011/12 (£126.5bn). Public sector net debt was £1,185.8bn or 75.4% of GDP.

Public Sector Borrowing In Credit

Public sector net borrowing was back in credit again in January 2013 with borrowing at a negative level of -£11.4bn, £5bn higher net repayment than a year earlier when it was -£6.4bn.

The current budget surplus was £14.9bn, £5.1bn up on last year, public sector net debt was £1162.8bn (73.8% of GDP). Net investment was £3.5bn.

Public Sector Borrowing £2.7bn

Public borrowing increased again in October. PSNB increased by £2.7bn from £5.9bn in October 2011 to £8.6bn in October 2012. The current budget deficit also increased by £2.3bn from £4.4bn in ctober 2011 to £6.7bn in October this year. Public sector net debt was £1,068.8bn, equivalent to 67.9% of GDP.

Public Sector Borrowing Down 0.7%

Public sector net borrowing for September decreased by 0.7% to 12.8bn. The public sector current budget deficit was £11.2bn and public sector net investment was £1.6bn. The public sector net debt increased by £92.9bn to £1065.4bn or 67.9% of GDP. Public sector borrowing can be broken down further. General government accounts for £13.4bn of borrowing with central government borrowing increasing 0.3% to £13.8bn in September 2012 and local government borrowing falling £0.7bn to -£0.2bn. Non-financial public corporations borrowing decreased by £0.3bn to -£0.6bn. The central government net cash requirement (CGNCR) in September 2012 was £22.1bn, £1bn or 4.2% lower than September 2011. The sale of the assets of the transferred Royal Mail Pension Plan accounted for a large part of the drop on CGNCR.

Public Sector Borrowing Unchanged Over Year

Public sector net borrowing was unchanged over the year from August 2011 to August 2012 at £14.4bn according to a statistical bulletin from the Office for National Statistics (ONS). The current budget deficit in August was £13.2bn an increase of £0.4bn on last year. Net Investment was £1.2bn, a difference of £0.4% on last year. Net debt was £1039.5bn or 66.1% of GDP at the end of August. Differences in net borrowing and net investment figures were affected by the £28bn transfer from the assets of the Royal Mail Pension Plan in April.

Government Borrowing Up 0.2%

The lastest bulletin on public sector finances from the ONS and HM Treasury tells us that the current budget deficit (excluding the temporary effect of financial interventions) in March 2012 was £11.1bn, £0.8bn higher than in March 2011. Net borrowing (PSNB) was £18.2bn, £0.2bn higher than last year. The borrowing total is made up of borrowing by central government was £8.8bn, local government £8.8bn,m public corporations £0.6bn. Net debt (PSND) was £1022.5bn or 66% of GDP compared with £905.3bn at the end of March 2011. Public sector net investment was £7.1bn.

Big Increase In Government Borrowing

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.

Public Borrowing Lower Than Last December

The latest ONS figures for public sector finances show that there was a current budget deficit (excluding the temporary effects of financial interventions) of £10.8 billion in December 2011, £2.5bn lower than in December 2010.

Public sector net borrowing (excluding the temporary effects of financial interventions) of £13.7 billion in December 2011, £2.2bn lower than December 2010.

Public sector net debt (excluding the temporary effects of financial interventions) was £1003.9 billion, equivalent to 64.2% of GDP. PSND was £883bn in December 2010.

Budget Deficit Increase £1.5bn

The public sector current budget deficit in September 2010 was £13.2bn, an increase of £1.5bn on September 2009 and public sector net investment was £3bn. Public sector borrowing was £0.7bn up on 2009 at £16.2bn. The public sector net debt was £842.9bn up from £687.5bn at the end of September 2010. These figures exclude the effects of the financial interventions.

Total current receipts for September 2010 were £38bn and total current expenditure £50.7bn giving a current budget of -£13.3bn when taking depreciation and investment into account.

Budget Deficit Higher Than Last Year

The most recent estimates of public sector finances from the ONS say that in June 2010 there was a current budget deficit of £12.6bn but if the financial interventions are excluded from the figure the current budget deficit is £13.3bn, £1.1bn higher than in June 2009.

Public sector net borrowing (PSNB) was £14.5bn compared with £14.7bn in June 2009. If financial interventions are excluded PSNB for June 2010 was £15.2bn, £0.3bn higher than June 2009. On a financial year basis PSNB was £40.3bn April-June 2010 compared with £40.9bn in the same period in 2009. Public sector net debt (PSND) was £926.9bn or 63.9% of GDP but without the financial interventions the PSND was £813.7bn or £56.1% of GDP from £664bn at the end of June 2009 which was equivalent to 47.7% of GDP. Public sector net investment of £1.9bn compared with £2.8bn in June 2009.

The public sector net cash requirement was £20.9bn, £0.7bn higher compared with the requirement of £20.2bn in June 2009. Central government borrowing was £15.3bn compared with £19bn in 2009. Total current receipts were £37bn, current expenditure was £49.3bn and with depreciation at -£0.6bn the current budget was -£12.9bn. Local government borrowing was £0.1bn compared with -£0.1bn in 2009.

Current Deficit Down By £1.6bn

The latest public sector finance statistics from the ONS show that the current budget deficit in May 2010 was £14.1bn, £1.6bn down on £15.7bn in 2009. Reconciled with net investment of £1.9bn net borrowing (PSNB) was £16bn, £1.4bn down on £17.4bn in 2009. PSNB excluding financial interventions was £28.7bn in Q4 2009. Public sector net debt (PSND) was £903bn which is equivalent to 62.2% of GDP. PSND excluding financial interventions at the end of March was £771.5bn from the £616.9bn a year earlier. Public sector net cash requirement £12bn, £7.2bn down on £19.1bn.

A sectoral breakdown of the figures shows that central government accounted for £20.2bn and local government -£3.4bn giving a general government figure of £16.8bn. Public corporations accounted for -£0.8 giving the PSNB figure of £16bn.