Public Sector Finances, October 2015

23 Nov 2015 11:24 AM

Main points

• Public sector net borrowing excluding public sector banks decreased by £6.6 billion to £54.3 billion in the current financial year-to-date (April 2015 to October 2015) compared with the same period in 2014.
• Public sector net borrowing excluding public sector banks increased by £1.1 billion to £8.2 billion in October 2015 compared with October 2014.
• Public sector net debt excluding public sector banks at the end of October 2015 was £1,526.8 billion, equivalent to 80.5% of Gross Domestic Product; an increase of £70.4 billion compared with October 2014.
• General government net borrowing decreased by £9.6 billion to £93.5 billion (equivalent to 5.1% of Gross Domestic Product) in the financial year ending March 2015 (April 2014 to March 2015) compared with the previous financial year.
• Central government net cash requirement decreased by £7.9 billion to £42.4 billion in the current financial year-to-date (April 2015 to October 2015) compared with the same period in 2014.
• 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.

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