Wednesday 23 Oct 2013 @ 09:15
Office for National Statistics
Office for National Statistics
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Public Sector Finances, September 2013
Latest figures
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This bulletin contains revised estimates of the 2012/13 outturn for the public sector finances and the first estimates for September 2013. Estimates are updated throughout the year as finalised data are received from public sector bodies.
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In 2012/13, 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 £115.4 billion. This was £3.1 billion lower than in 2011/12.
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In 2012/13, public sector net borrowing excluding temporary effects of financial interventions (PSNB ex) was £81.0 billion. This was £37.5 billion lower than in 2011/12, when it was £118.5 billion.
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In September 2013, the £4.0 billion transferred from the Bank of England Asset Purchase Facility Fund to HM Treasury did not reduce the public sector net borrowing excluding temporary effects of financial interventions (PSNB ex).
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In September 2013, the £3.2 billion received in cash from the sale of Lloyds banking group shares did not reduce PSNB ex. However, it did reduce the public sector net cash requirement by £3.2 billion and public sector net debt excluding temporary effects of financial interventions by £586 million.
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In September 2013, public sector net borrowing excluding temporary effects of financial interventions (PSNB ex) was £11.1 billion. This was £1.0 billion lower than in September 2012, when it was £12.1 billion.
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Public sector net debt excluding temporary effects of financial interventions (PSND ex) was £1,211.8 billion at the end of September 2013, equivalent to 75.9% of gross domestic product (GDP).
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The central government net cash requirement for the 2013/14 year to date was £39.7 billion, £12.4 billion lower than the same period in 2012/13.
Get all the tables for this publication in the data section of this publication.