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.

Government Borrowing Down £1.3bn

The key measures of the public sector finances published by the ONS show that in August 2013 public sector net borrowing was £13.2bn, £1.3bn lower than in August 2012 when it was £14.4bn. This is because the public sector current budget was -£11.2bn and public sector net investment was £1.9bn. Public sector net debt was £1,193bn or £74.6% of annual GDP.

The sectoral breakdown of public sector borrowing (PSNB) shows that in August 2013 general government borrowing was £13.8bn of which central government accounted for £12.7bn and local government £1.1bn. Non-financial public corporations accounted for -£0.6bn and gives the PSNB figure of £13.2bn.

The central government net cash requirement (CGNCR) was £9.1bn, £0.6bn up on last year. The CGNCR for the 6 months from April to August 2013 was £26.4bn, 12.6% or £3.8bn lower than in the same period the previous year.

These figures exclude the temporary effects of financial intervention.