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- UK February public sector net borrowing -£0.39 billion vs £0.85 billion expected
UK February public sector net borrowing -£0.39 billion vs £0.85 billion expected
According to the report from Office for National Statistics, borrowing (public sector net borrowing excluding public sector banks, PSNB ex) in February 2020 was £0.3 billion, £0.3 billion less than in February 2019.
Borrowing in the current financial year-to-date (April 2019 to February 2020) was £44.0 billion, £4.2 billion more than in the same period the previous year.
The current budget deficit (public sector current budget deficit excluding public sector banks) in the current financial year-to-date was £2.4 billion, £0.4 billion less than in the same period the previous year.
Debt (public sector net debt excluding public sector banks, PSND ex) at the end of February 2020 was £1,791.5 billion (or 79.1% of gross domestic product, GDP); this is an increase of £32.1 billion (or a decrease of 1.1 percentage points) on February 2019.
Central government net cash requirement excluding both UK Asset Resolution Ltd and Network Rail was £35.2 billion in the current financial year-to-date; this is £20.4 billion more than in the same period last year.
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