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21.07.2016 08:47

UK public sector net borrowing lower in June. “Informations reflect pre-referendum assumptions”

Public sector net borrowing (excluding public sector banks) decreased by £2.3 billion to £25.6 billion in the current financial year-to-date (April to June 2016), compared with the same period in 2015.

Public sector net borrowing (excluding public sector banks) decreased by £2.2 billion to £7.8 billion in June 2016, compared with June 2015.

Public sector net debt (excluding public sector banks) at the end of June 2016 was £1,620.7 billion, equivalent to 84.0% of gross domestic product (GDP); an increase of £47.6 billion compared with June 2015.

Central government net cash requirement decreased by £0.9 billion to £24.8 billion in the current financial year-to-date (April to June 2016), compared with the same period in 2015.

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

The data presented in this bulletin presents the latest fiscal position of the public sector as at 30 June 2016 and does not reflect any significant impact of the EU Referendum result announced on 24 June 2016. Estimates for the latest period always contain a substantial element of forecast information which currently reflect pre-referendum assumptions.

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