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.

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.

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.

Net Borrowing Lower Than In 2012

In 2012 public sector net borrowing (PSNB) was £33.5bn lower than in 2011/12 at £85bn, excluding temporary effects of financial interventions.

PSNB in May 2013 at £8.8bn was £6.9bn lower than in May 2012 when it was £15.6bn. The current budget was -£11.3bn and public sector net investment was £1.4bn. If the figures exclude the effects of the Bank of England Asset Purchase Facility and the Royal Mail Pension Plan PSNB equals £12.7bn and net investment £1.4bn.

Public sector net debt excluding the temporary effects of financial interventions (PSND ex) was £1,189.2bn or 75.2% of GDP.