Public Sector Finances, April 2015

22 May 2015 01:36 PM

Main points

• This is the second estimate of the complete financial year ending 2015 (April 2014 to March 2015); these are not final figures and may be revised as provisional data are replaced with finalised and audited data.
• In the financial year ending 2015 (April 2014 to March 2015), public sector net borrowing excluding public sector banks (PSNB ex) was £87.7 billion (4.8% of Gross Domestic Product (GDP)) a decrease of £10.8 billion compared with the previous financial year.
• In April 2015, PSNB ex was £6.8 billion; a decrease of £2.5 billion compared with April 2014.
• The data for the latest month of every release contains some forecast data. The initial outturn estimates for the early months of the financial year, particularly April, contain more forecast data than other months as profiles of tax receipts, along with departmental and local government spending are still provisional. This means that the data for these months are typically more prone to revision than other months and can be the subject to sizeable revisions in later months.
• For the financial year ending 2015 (April 2014 to March 2015), the central government net cash requirement (CGNCR) was £93.6 billion; an increase of £15.2 billion compared with the previous financial year.
• Cash transfers from the Asset Purchase Facility were £20.4 billion lower in the financial year ending 2015 (April 2014 to March 2015) than the previous financial year. Without the impact of these transfers, CGNCR was £5.2 billion lower in the financial year ending 2015 (April 2014 to March 2015) than the previous financial year.
• At the end of April 2015, public sector net debt excluding public sector banks (PSND ex) was £1,487.7 billion (80.4% of GDP); an increase of £83.6 billion compared with April 2014.
• At the end of April 2015, General Government Gross Debt (Maastricht debt) was £1,602.1 billion (86.5% of GDP) and General Government Net Borrowing (Maastricht deficit) in the financial year ending 2015 (April 2014 to March 2015) was £92.4 billion (5.1% of GDP).

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