Public Sector Finances, August 2015

23 Sep 2015 09:50 AM

Main points

• Public sector net borrowing excluding public sector banks decreased by £4.4 billion to £38.4 billion (1.9% of Gross Domestic Product) in the current financial year-to-date (April 2015 to August 2015) compared with the same period in 2014.
• Public sector net borrowing excluding public sector banks increased by £1.4 billion to £12.1 billion (0.6% of Gross Domestic Product) in August 2015 compared with August 2014.
• Public sector net debt excluding public sector banks at the end of August 2015 was £1,505.5 billion (80.6% of Gross Domestic Product); an increase of £68.9 billion compared with August 2014.
• Central government net cash requirement decreased by £10.1 billion to £24.3 billion in the current financial year-to-date (April 2015 to August 2015) compared to the same period in 2014.
• General government gross debt at the end of August 2015 was £1,651.7 billion (88.4% of Gross Domestic Product) and General Government Net Borrowing in the financial year ending 2015 (April 2014 to March 2015) was £93.5 billion (5.2% of Gross Domestic Product).
• Due to the volatility of the monthly data, the cumulative financial year-to-date borrowing figures provide a better indication of the progress of the public finances than the individual months.
• This bulletin reflects a number of methodological changes being made for the 2015 annual national accounts publication (Blue Book 2015). These changes have resulted in an extended period of revisions that have been reflected in this publication.

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