Office for National Statistics
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Public Sector Finances, March 2014

Latest figures

  • This is the first provisional estimate of the complete financial year 2013/14, this will be revised as more data becomes available.
  • For the financial year 2013/14 public sector net borrowing excluding the temporary effects of financial interventions, the transfer of the Royal Mail Pension Plan and the transfers from the Bank of England Asset Purchase Facility Fund was £107.7 billion. This was £7.5 billion lower than the same period in 2012/13, when it was £115.1 billion.
  • During the financial year 2013/14, £31.1 billion has been transferred from the Bank of England Asset Purchase Facility Fund to HM Treasury. Of this amount, £12.2 billion has had an impact on net borrowing.
  • For the financial year 2013/14, public sector net borrowing excluding temporary effects of financial interventions (PSNB ex) was £95.5 billion. This was £14.8 billion higher than the same period in 2012/13, when it was £80.7 billion.
  • In March 2014, public sector net borrowing excluding temporary effects of financial interventions (PSNB ex) was £6.7 billion. This was £4.7 billion lower than in March 2013, when it was £11.4 billion.
  • No cash transfers were made from the Bank of England Asset Purchase Facility Fund to HM Treasury in March 2013 or 2014.
  • The sale of Lloyds Banking Group shares in March 2014 reduced the public sector net cash requirement by £4.2 billion. The ONS will publish details of other effects alongside the announcement of the National Accounts Classification decision.
  • The central government net cash requirement for the financial year 2013/14 was £75.4 billion; £29.6 billion lower than the same period in 2012/13, when it was £105.0 billion.
  • At the end of March 2014, Public sector net debt excluding temporary effects of financial interventions (PSND ex) was £1,268.7 billion, equivalent to 75.8% of gross domestic product (GDP).
Get all the tables for this publication in the data section of this publication .
Channel website: https://www.ons.gov.uk/

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