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- UK public sector net borrowing decreased by £0.1 billion to £16.1 billion in the current financial year-to-date
UK public sector net borrowing decreased by £0.1 billion to £16.1 billion in the current financial year-to-date
Public sector net borrowing (excluding public sector banks) decreased by £0.1 billion to £16.1 billion in the current financial year-to-date (April 2017 to May 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2008.
The Office for Budget Responsibility (OBR) forecast that public sector net borrowing (excluding public sector banks) will be £58.3 billion during the financial year ending March 2018.
Public sector net borrowing (excluding public sector banks) decreased by £0.3 billion to £6.7 billion in May 2017, compared with May 2016; this is the lowest May borrowing since 2007.
Public sector net debt (excluding public sector banks) was £1,737.3 billion at the end of May 2017, equivalent to 86.5% of gross domestic product (GDP); an increase of £121.6 billion (or 2.9 percentage points as a ratio of GDP) on May 2016.
Central government net cash requirement decreased by £14.3 billion; from £7.4 billion (deficit), to a surplus of £6.9 billion in the current financial year-to-date (April 2017 to May 2017), compared with the same period in 2016; this is the lowest year-to-date central government net cash requirement since 2000.
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