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.

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 Borrowing Up 0.6%

The ONS released the latest public sector finance figures recently and public sector net borrowing (ex. financial interventions) was £15.4bn in December 2012, 0.6bn higher than Decmber 2011 (£14.8bn). The public sector current budget deficit was £13bn, 0.5bn higher than December 2011 (£12.5bn). Public sector net borrowing was £121.6bn in 2011/12 £4.4bn lower than the £126bn the OBR expected. Public sector net debt (PSND) was £1,111.4bn euivalent to 70.7% of GDP. Net Investment was £2.4bn.

PSNB ex(excluding the effects of financial interventions) was £15.4bn because central government borrowing was £15bn, local government borrowing was £0.2bn and non-financial public corporations borrowing was £0.2bn. Public sector banking groups borrowing was -£2.2bn and PSNB was £13.2bn. The central government net cash requirement was £22bn.

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.

Public Debt Growth In May

The Government's current budget deficit excluding the temporary effects of financial interventions was £16.9bn in May 2012 from -£14.2 in May 2011. Net borrowing was £17.9bn from £15.2bn and the net debt was £1013.4bn up from £921.3bn, a difference of £92.1bn.

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.

Central Government Borrowing Down In October

Provisional estimates for public sector net borrowing put the borrowing figure for October at £6.5bn. Borrowing in the same period last year was £7.7bn. The net debt stands at £966.6bn or 62.3% of GDP which is an increase on 2010 when net debt was £836.8bn, 56.5% of GDP. The current budget was £4.5bn in deficit, £0.2bn down on the previous quarter.

Borrowing by central government actually fell by £1.2bn from £7.2bn to £6bn whereas local government borrowing increased from £0.7bn to £1.3bn.

Borrowing Continues To Increase

Net borrowing, excluding the temporary effects of financial interventions, was £15.9bn in August 2011, an increase of £1.9bn on last year according to data from the ONS. Public sector net investment (PSNI) was £2.1bn and public sector current budget (PSCB) deficit was £13.8bn.

The current budget deficit, excluding the temporary effects of financial interventions, was £13.8bn in August 2011, an increase of £2.2bn on 2010. Over the last three months the budget deficit has decreased from £44.5bn to £43.5bn.

Net debt (PSND), excluding the temporary effects of financial interventions, was £944.5bn, equivalent to 61.4% of GDP from £810.5bn or 55.3% GDP.

The public sector net borrowing figure of £15.9bn can also be arrived at by a calculation using data relating to central and local government borrowing. Central goverment borrowing was £14.7bn, local government borrowing was £1.5bn and public corporations borrowing was a negative figure of £0.3bn. Central government net cash requirement increased by £4.9bn from £5.8bn to £10.7bn.

Increase In Budget Deficit In May

The UK Government reported a current budget deficit of £15.3bn in May 2011. Net borrowing was £17.4bn and net debt was £920.9bn. These figures exclude the temporary effects of financial intervention. Total receipts were £38bn and total expenditure was £51.7bn. Net investment was £2.7bn after accounting for depreciation of £0.6bn.

Public Sector Deficit Increase In April

Public sector finances statistics show that in April 2011 the current budget was -£8.4bn and net borrowing was £10bn compared with -£5.6bn and £7.3bn respectively in April 2010. Net debt increased from £765.5bn to £910.1bn or 60.1% of GDP. Public sector net investment was £1.6bn down slightly from £1.7bn in 2010.

Public Sector Deficit £6.5bn

The public sector current budget deficit in February 2011 was £6.5bn (excluding the temporary effects of financial interventions). Net borrowing was £11.8bn. Central government borrowing was £10.3bn and local government £1.7bn (General government borrowing £12bn) with public corporations -£0.2bn. Public sector net investment was £5.2bn, less than the £5.8bn invested in February 2010. Net debt at the end of February was £875.8bn, or 58% of GDP.

Central government receipts were £43.1bn and expenditure was £49.3bn giving a current budget deficit of -£6.8bn. The net investment of £3.5bn gives the net borrowing figure of £10.3bn.

Public Sector Finances In October

The public sector had a current budget deficit of £7.1bn and net borrowing of £10.3bn in October 2010 excluding the effects of financial interventions and at the end of October a net debt of £845.8bn or 57.1% of GDP.