vendredi 20 mars 2015
UK Public Sector Finances, February 2015
Posted on 03:51 by nice news
From April 2014 to February 2015, public sector net borrowing excluding public sector banks (PSNB ex) was £81.8 billion; a decrease of £8.8 billion compared with the same period in 2013/14.
In February 2015, PSNB ex was £6.9 billion; a decrease of £3.5 billion compared with February 2014.
In February 2015, self-assessed income tax receipts were £4.2 billion; an increase of £1.8 billion compared with February 2014. The proportion of self-assessed income tax recorded in January and February can vary year-on-year and it is therefore advisable to consider data for the two months (January and February) together. With this in mind, the total self-assessment recorded in January and February 2015 was £15.0 billion; an increase of £1.9 billion on the same period in 2014.
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.
From April 2014 to February 2015, the central government net cash requirement (CGNCR) was £71.6 billion; an increase of £12.7 billion compared with the same period in 2013/14.
Cash transfers from the Asset Purchase Facility were £20.4 billion lower in the year-to-date 2014/15 than in the same period in 2013/14, CGNCR without the impact of these transfers was £7.7 billion lower in the year-to-date 2014/15 than in the same period in 2013/14.
At the end of February 2015, public sector net debt excluding public sector banks (PSND ex) was £1,468.5 billion (79.6% of GDP); an increase of £83.6 billion compared with February 2014.
The public sector net debt has been revised upwards by £5.5 billion, from October 2014, as the result of a correction to previously published estimates which were erroneously double counting bank deposits held by the central government body, UK Asset Resolution Ltd. The double counting was identified as part of the quality assurance
In February 2015, PSNB ex was £6.9 billion; a decrease of £3.5 billion compared with February 2014.
In February 2015, self-assessed income tax receipts were £4.2 billion; an increase of £1.8 billion compared with February 2014. The proportion of self-assessed income tax recorded in January and February can vary year-on-year and it is therefore advisable to consider data for the two months (January and February) together. With this in mind, the total self-assessment recorded in January and February 2015 was £15.0 billion; an increase of £1.9 billion on the same period in 2014.
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.
From April 2014 to February 2015, the central government net cash requirement (CGNCR) was £71.6 billion; an increase of £12.7 billion compared with the same period in 2013/14.
Cash transfers from the Asset Purchase Facility were £20.4 billion lower in the year-to-date 2014/15 than in the same period in 2013/14, CGNCR without the impact of these transfers was £7.7 billion lower in the year-to-date 2014/15 than in the same period in 2013/14.
At the end of February 2015, public sector net debt excluding public sector banks (PSND ex) was £1,468.5 billion (79.6% of GDP); an increase of £83.6 billion compared with February 2014.
The public sector net debt has been revised upwards by £5.5 billion, from October 2014, as the result of a correction to previously published estimates which were erroneously double counting bank deposits held by the central government body, UK Asset Resolution Ltd. The double counting was identified as part of the quality assurance
UK Public Sector Finances, February 2015
Categories: February 2015, UK Public Sector Finances
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