Ekonomické zprávy
21.10.2021

UK borrowing slightly lower than forecast in September

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.

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