Public Finance Press Releases

Public finance bulletin: April 2011

Date: 21 April 2011
Authors:

Headline Comparisons

  • Public sector net borrowing, excluding the impact of financial interventions, totalled £141.1bn in 2010−11. This is £4.8bn lower than the £145.9bn forecast by the Office for Budget Responsibility (OBR) in their March 2011 Economic and Fiscal Outlook, and lower than the £156.5bn borrowed in 2009−10.
  • Public sector net investment, excluding the impact of financial interventions, was £40.2bn in 2010−11. This compares to the £41.1bn forecast by the OBR in March 2011.
  • The current budget deficit in 2010−11 was £100.9bn, excluding the impact of financial interventions, which is £3.9bn lower than the £104.8bn forecast by the OBR in March 2011.
  • Underlying public sector net debt at the end of March 2011 stood at 59.9% of national income, which is slightly lower than the 60.3% forecast by the OBR in March. Including the impact of the financial interventions raises headline public sector net debt to 148.5%.