Public Sector Finances, May 2015

19 Jun 2015 03:07 PM

Main points

• This is the third 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 £89.2 billion (4.9% of Gross Domestic Product (GDP)): a decrease of £9.3 billion compared with the previous financial year.
• In May 2015, PSNB ex was £10.1 billion (0.5% of GDP); a decrease of £2.2 billion compared with May 2014.
• 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 May 2015, public sector net debt excluding public sector banks (PSND ex) was £1,500.2 billion (80.8% of GDP); an increase of £83.2 billion compared with May 2014.
• At the end of May 2015, General Government Gross Debt was £1,617.9 billion (87.1% of GDP) and General Government Net Borrowing in the financial year ending 2015 (April 2014 to March 2015) was £93.4 billion (5.2% of GDP).

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