WIREDGOV

Latest figures

• For the financial year to date 2013/14, public sector net borrowing excluding temporary effects of financial interventions and also excluding the effects of the transfer of the Royal Mail Pension Plan and the transfers from the Bank of England Asset Purchase Facility Fund was £90.7 billion. This was £4.0 billion lower than the same period in 2012/13, when it was £94.6 billion.
• So far 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 to date 2013/14, public sector net borrowing excluding temporary effects of financial interventions (PSNB ex) was £78.5 billion. This was £15.6 billion higher than the same period in 2012/13, when it was £62.8 billion.
• In January 2014, public sector net borrowing excluding temporary effects of financial interventions was £-4.7 billion (a surplus). In January 2013 PSNB ex was £-6.0 billion (a surplus) when the £3.8 billion asset purchase facility transfer for that month is excluded.
• Monthly net borrowing is usually volatile in January and February caused by the timing of income tax receipts. A more complete picture of income tax will therefore be available in next month’s statistical bulletin.
• In January 2014, public sector net borrowing excluding temporary effects of financial interventions (PSNB ex) was £-4.7 billion (a surplus). This was £5.1 billion less of a surplus than in January 2013, when it was £-9.8 billion (a surplus) including the APF transfer for that month.
• In January 2014, £2.2 billion was transferred from the Bank of England Asset Purchase Facility Fund to HM Treasury. This did not impact on net borrowing.
• Public sector net debt excluding temporary effects of financial interventions (PSND ex) was £1,239.5 billion at the end of January 2014, equivalent to 74.6% of gross domestic product (GDP).
• The central government net cash requirement for the year to date 2013/14 was £49.7 billion, £21.9 billion lower than the same period in 2012/13, when it was £71.6 billion.