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Statistics: Public Sector Finances, Feb 2013

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Latest figures

  • Public sector current budget deficit was £1.1 billion in February 2013; this is a £7.1 billion lower deficit than in February 2012, when there was a deficit of £8.1 billion.
  • Public sector net borrowing (PSNB ex) was £2.8 billion in February 2013; this is a £9.0 billion lower net borrowing than in February 2012, when net borrowing was £11.8 billion.
  • In February 2013, public sector net borrowing (PSNB ex) was reduced by £2.7 billion as a result of cash transfers from the Bank of England Asset Purchase Facility Fund to Government and by £2.3 billion as a result of proceeds from the 4G spectrum auction.
  • For the period April 2012 to February 2013, public sector net borrowing (PSNB ex) was £66.9 billion; this is £37.3 billion lower net borrowing than in the same period the previous year, when net borrowing was £104.2 billion.
  • For the period April 2012 to February 2013, public sector net borrowing (excluding the effects of the Royal Mail Pension Plan transfer in April 2012 and the transfers from the Bank of England Asset Purchase Facility) was £101.3 billion; this is £2.9 billion lower net borrowing than in the same period the previous year, when net borrowing was £104.2 billion.
  • In 2012/13, public sector net borrowing and public sector current budget deficit are reduced by £6.4 billion as a result of cash transfers from the Bank of England Asset Purchase Facility Fund to Government.
  • In 2012/13, public sector net borrowing and public sector net investment are reduced by £28.0 billion as a result of the transfer of the Royal Mail Pension Plan in April 2012.
  • Public sector net debt was £1,161.5 billion at the end of February 2013, equivalent to 73.5% of gross domestic product (GDP).

Source: Office for National Statistics licensed under the Open Government Licence v.1.0.

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