Public Sector Finances, November 2014

23rd December 2014

Public sector net borrowing excluding public sector banks (PSNB ex) from April to November 2014 was £75.8 billion, a decrease of £0.5 billion compared with the same period in 2013/14.

PSNB ex was £14.1 billion in November 2014, a decrease of £1.6 billion compared with November 2013.

Due to the volatility of the monthly data, the cumulative year-to-date borrowing figures provide a better indication of the progress of the public finances than the individual months.

The central government net cash requirement (CGNCR) from April to November 2014 was £63.3 billion, an increase of £17.3 billion compared with the same period in 2013/14. This is largely as a result of cash transfers from the Asset Purchase Facility being £20.2 billion lower in year-to-date 2014/15 than in the same period in 2013/14.

Public sector net debt excluding public sector banks (PSND ex) was £1,457.2 billion (79.5% of GDP) at the end of November 2014, an increase of £89.7 billion compared with November 2013.

General Government Gross Debt (Maastricht debt) at the end of November 2014 was £1,583.3 billion and General Government Net Borrowing (Maastricht deficit) in 2013/14 was £100.4 billion.

Read the full release at -
http://www.ons.gov.uk/ons/dcp171778_389860.pdf