United Kingdom Public Sector Net Borrowing
|Low||£13.972 B||£8.240 B||
Public Sector Net Borrowing shows the difference between total expenditure (current spendings plus net investments) and income (current receipts, mainly taxes) of the public sector during the given month.
The UK's public sector consists of five subsectors:
- Central Government
- Local government
- Public non-financial corporations
- Bank of England
- Public financial corporations (or public sector banks, that is, currently only Royal Bank of Scotland (RBS)).
Figures in this report are not adjusted for inflation and are expressed in current prices.
If the difference between expenditure and income is positive, this speaks of a deficit. This means that the public debt is growing. Historically, the public sector debt is accumulated for many years, by several generations of governments. It is repaid mainly through the issuance of gilts and Treasury Bills.
The indicator is calculated monthly, but due to data volatility, the analysis of annual data provides a clearer picture of the state of public funds.
A change in the UK's public sector net borrowings normally does not affect the pound sterling quotes by itself. This indicator should be interpreted along with other variables.
The chart of the entire available history of the "United Kingdom Public Sector Net Borrowing" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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