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Public Sector |
 Graphs showing cumulative public sector finance and net debt |
The public sector showed a deficit on current budget of £9.3 billion in April 2010, compared with a deficit of £7.6 billion in April 2009.
More generally, the public sector recorded deficits between 1991/92 and 1997/98 before moving into surplus in 1998/99. Deficits have been recorded since 2002/03.
An alternative measure of the public sector fiscal position is public sector net borrowing. This additionally takes account of capital investment. In April 2010, there was net borrowing of £10.0 billion, which compares with borrowing of £8.8 billion in April 2009. The forecast for 2010/11 is net borrowing of £157 billion.
Public sector net debt, expressed as a percentage of gross domestic product (GDP), was 62.1 per cent at the end of April 2010 compared with 53.9 per cent at end of April 2009. Net debt was £893.4 billion at the end of April compared with £755.4 billion a year earlier.
Public sector net borrowing (excluding financial interventions) was £30.2 billion in the fourth quarter of 2009-10, up from £26.4 billion in the fourth quarter of 2008-9.
Public sector net debt (excluding financial interventions) was £772.0 billion (equivalent to 53.8 per cent of GDP) at the end of March 2010. This compares to £617.0 billion (44.0 per cent of GDP) as at the end of March 2009.
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Notes:
The format summarises the public sector finances presentation in the Budget Report 2010 (HM Treasury, 24 March 2010). The statistics are used to monitor progress against the Government's key fiscal rules.
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<table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr valign="top"><td><p class="cn_story_subtitle"><span class="cn_story_title">Public Sector</span><br> Monthly: £9.3 current budget</p></td> <!--@SOURCEDEPT--> </tr> </tbody></table><br> <table width="418" align="center" border="0" cellpadding="0" cellspacing="0"><tbody><tr align="center"><td class="cn_caption"><img alt="Graphs showing cumulative public sector finance and net debt" src="/images/charts/206.gif"><br>Graphs showing cumulative public sector finance and net debt</td></tr></tbody></table><br> The public sector showed a deficit on current budget of £9.3 billion in April 2010, compared with a deficit of £7.6 billion in April 2009. <br> <br>More generally, the public sector recorded deficits between 1991/92 and 1997/98 before moving into surplus in 1998/99. Deficits have been recorded since 2002/03. <br><br>An alternative measure of the public sector fiscal position is public sector net borrowing. This additionally takes account of capital investment. In April 2010, there was net borrowing of £10.0 billion, which compares with borrowing of £8.8 billion in April 2009. The forecast for 2010/11 is net borrowing of £157 billion.<br><br>Public sector net debt, expressed as a percentage of gross domestic product (GDP), was 62.1 per cent at the end of April 2010 compared with 53.9 per cent at end of April 2009. Net debt was £893.4 billion at the end of April compared with £755.4 billion a year earlier. <br><br>Public sector net borrowing (excluding financial interventions) was £30.2 billion in the fourth quarter of 2009-10, up from £26.4 billion in the fourth quarter of 2008-9. <br><br>Public sector net debt (excluding financial interventions) was £772.0 billion (equivalent to 53.8 per cent of GDP) at the end of March 2010. This compares to £617.0 billion (44.0 per cent of GDP) as at the end of March 2009.<br> <table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr><td height="10"><img src="/images/shim.gif" width="418" height="10"></td></tr><tr class="blue2"><td class="boxline1" height="1"><img src="/images/shim.gif" width="418" height="1"></td></tr><tr><td class="boxline2" height="1"><img src="/images/shim.gif" width="418" height="1"></td></tr><tr><td height="10"><img src="/images/shim.gif" width="418" height="10"></td></tr></tbody></table><div class="cn_published">Source: Office for National Statistics<br><br>Notes:<br>The format summarises the public sector finances presentation in the Budget Report 2010 (HM Treasury, 24 March 2010). The statistics are used to monitor progress against the Government's key fiscal rules.</div> <table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr><td height="10"><img src="/images/shim.gif" width="418" height="10"></td></tr><tr class="blue2"><td class="boxline1" height="1"><img src="/images/shim.gif" width="418" height="1"></td></tr><tr><td class="boxline2" height="1"><img src="/images/shim.gif" width="418" height="1"></td></tr><tr><td height="10"><img src="/images/shim.gif" width="418" height="10"></td></tr></tbody></table> <div class="cn_published">Published on 21 May 2010 at 9:30 am</div> |
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