Public Sector Finances, March 2014
23 Apr 2014 04:48 PM
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).