According to the report from Office for National Statistics, public sector net borrowing excluding public sector banks (PSNB ex) was estimated to have been £21.8 billion in September 2021; this was the second-highest September borrowing since monthly records began in 1993, £7.0 billion less than in September 2020 and slightly below the 22.6 billion pounds forecast.
Central government receipts in September 2021 were estimated to have been £62.3 billion, £6.2 billion more than in September 2020; while central government bodies spent £84.1 billion in September 2021, £1.3 billion less than in September 2020.
PSNB ex was estimated to have been £108.1 billion in the financial year-to-September 2021; this was the second highest financial year-to-September borrowing since monthly records began in 1993, £101.2 billion less than in the same period last year.
Public sector net debt excluding public sector banks (PSND ex) was £2,218.9 billion at the end of September 2021 or around 95.5% of gross domestic product (GDP), the highest ratio since the 98.3% recorded in March 1963.
Central government net cash requirement (excluding UK Asset Resolution Ltd and Network Rail) was £14.6 billion in September 2021, £10.6 billion less than in September 2020, bringing the total for the financial year-to-September 2021 to £98.6 billion.