Public Sector Finances, September 2014

21 Oct 2014 02:20 PM

Key Points

• This statistical bulletin includes corrections to the previously published central government net cash requirement (CGNCR) for the period December 2012 to April 2014. These corrections were pre-announced on 15 October 2014. The largest correction is a reduction in CGNCR in March 2013 of £11.9 billion.
• Public sector net borrowing excluding public sector banks (PSNB ex) from April to September 2014 was £58.0 billion, an increase of £5.4 billion compared with the same period in 2013/14.
• PSNB ex was £11.8 billion in September 2014, an increase of £1.6 billion compared with September 2013.
• Due to the volatility of the monthly data, the cumulative year-to-date borrowing figures provide a better indication of the progress of the public finances than the individual months.
• The central government net cash requirement (CGNCR) from April to September 2014 was £58.0 billion, an increase of £14.9 billion compared with the same period in 2013/14.
• Public sector net debt excluding public sector banks (PSND ex) was £1,451.3 billion (79.9% of GDP) in September 2014, an increase of £100.7 billion compared with September 2013.
• Maastricht debt (General Government Gross Debt) at the end of September 2014 was £1,557.5 billion and Maastricht deficit (General Government Net Borrowing) in 2013/14 was £101.1 billion.
• ONS published the latest EU Government Deficit and Debt Return on 17 October 2014.

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