Public Sector Finances, June 2014
22 Jul 2014 04:13 PM
Latest figures
- This is the first estimate of the June 2014 public sector finances (financial year 2014/15). Financial year 2013/14 data have also been updated. These estimates will continue to be revised as more data become available.
- Public sector net borrowing excluding financial interventions (PSNB ex) was £11.4 billion in June 2014. This was £3.8 billion higher than last June. There was no transfer from the Bank of England Asset Purchase Facility Fund (APF) in June 2014; however there was a £3.9 billion APF transfer in June 2013. When APF transfers are excluded from net borrowing, last June was £11.5 billion (similar to June 2014).
- For the financial year 2013/14, PSNB ex was £93.7 billion. This was £13.0 billion higher than the same period in 2012/13.
- When the transfers of the Royal Mail Pension Plan and APF are removed, PSNB ex for 2013/14 was £105.8 billion. This was £9.3 billion lower than 2012/13 (£115.1 billion).
- During 2013/14, £31.1 billion was transferred from the APF to HM Treasury. Of this amount, £12.2 billion impacted on net borrowing.
- At the end of June 2014, public sector net debt excluding financial interventions (PSND ex) was £1,304.6 billion, equivalent to 77.3% of gross domestic product (GDP).
- The central government net cash requirement (CGNCR) for the financial year 2013/14 was £75.4 billion, £29.6 billion lower than the same period in 2012/13 (£105.0 billion).
- This bulletin contains a new table (PSF13) with extra detail around the Asset Purchase Facility transactions, and updates to the table summarising the impact of methods and data changes taking place in September 2014.