ONS releases - Public sector finances

View in browser 21 December 2017 Economy Public sector finances, UK: November 2017 Public sector net borrowing (excluding public sector banks) decreased by £3.1 billion to £48.1 billion in the current financial year-to-date (April 2017 to November 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2007. Public sector net borrowing (excluding public sector banks) decreased by £0.2 billion to £8.7 billion in November 2017, compared with November 2016; this is the lowest November net borrowing since 2007. The Office for Budget Responsibility (OBR) forecast that public sector net borrowing (excluding public sector banks) will be £49.9 billion during the financial year ending March 2018, an increase of £4.4 billion on the outturn net borrowing in the financial year ending March 2017. Public sector net debt (excluding public sector banks) was £1,734.8 billion at the end of November 2017, equivalent to 84.6% of gross domestic product (GDP), an increase of £72.2 billion (or 1.2 percentage points as a ratio of GDP) on November 2016. Public sector net debt (excluding both public sector banks and Bank of England) was £1,574.5 billion at the end of November 2017, equivalent to 76.7% of GDP, a decrease of £23.5 billion (or 3.5 percentage points as a ratio of GDP) on November 2016. Public sector net debt has been reduced by £65.5 billion in November 2017 due to the reclassification of English housing associations from the public to private sector. See section 2, "What's changed in this release?" for further details. Central government net cash requirement decreased by £30.6 billion to £30.7 billion in the current financial year-to-date (April 2017 to November 2017), compared with the same period in 2016; this is the lowest year-to-date central government net cash requirement since 2007. Help us improve the way we share statistics Our publishing team are conducting research to understand how people use our statistical bulletins. Bulletins are the pages where we share our main commentary, data, and analysis when we release statistics. Take part in this five minute survey to tell us what you think, and help us improve the way we share our work. Take our five minute survey Visit the National Statistical blog to see the many ways ONS is working to give the UK better statistics for better decisions. Visit National Statistical Our digital team regularly write about our approach and progress to the website and social media. Visit our Digital Blog Find out how our Data Science Campus is exploring how sources such as administrative data & social data, and techniques such as machine learning and natural language processing, can improve our understanding of the UK's economy, communities & people. Visit the Data Science Campus Blog Looking for local statistics? A handy guide to let you know where to find local statistics. Census Discover how our census statistics help paint a picture of the nation and how we live. Visual.ONS Visual.ONS is a website exploring new approaches to making ONS statistics accessible and relevant to a wide public audience. Email sent by Office for National Statistics

 

 

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