WIREDGOV

Key points

• This release is consistent with the information on UK deficit (or net borrowing) and debt that the UK and other European Union (EU) Member States are required to report to the European Commission under the terms of the Maastricht Treaty.
• General government net borrowing (‘deficit’) was £100.4 billion in the financial year 2013/14 (5.8% of GDP), a decrease of £25.3 billion compared with 2012/13.
• General government gross debt at the end of the financial year 2013/14 was £1,521.2 billion (87.9% of GDP), an increase of £100.5 billion compared to the end of 2012/13.
• A methodological revision to the treatment of child tax credit and working tax credit has led to a revision of +£2.7 billion in 2013/14 for both government expenditure and government revenue, but there is no impact on net borrowing.
• The figures in this bulletin are fully consistent with the data published in the Public Sector Finances bulletin of 19 December 2014 for 1997 onwards.
• Previously, this statistical bulletin was published every 6 months, in October and April, to coincide with the main data deliveries to the European Commission. From January 2015, this bulletin is to be published quarterly, alongside tables previously published in the data-only release ‘Maastricht supplementary data tables’.

Get all the tables for this publication in the data section of this publication.