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.

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.

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.