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You can find the current article at its original source at http://www.guardian.co.uk/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data
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Deficit, national debt and government borrowing - how has it changed since 1946? | Deficit, national debt and government borrowing - how has it changed since 1946? |
(21 days later) | |
Government borrowing is down - a drop which has surprised many City economists. | |
Public sector net borrowing, excluding the banking bailout, was £12.8bn, compared with £13.5bn in September 2011, the Office for National Statistics said. It was also below City expectations of a £13.5bn deficit, as tax receipts kept up with spending increases. | |
An improvement in economic activity drove a 3.7% rise in tax receipts to £42bn, while government spending also rose by 3.7%, to £52.5bn. | |
The official release shows that borrowing for the first five months of the financial year was revised downwards by £6.7bn and, combined with September's out-turn, the deficit to date is just £4.9bn higher than a year earlier. | |
We have the complete set of data on Government borrowing, all the way back to the 1940s. All political parties have faced their fair share of debt through the years - almost as if the economic climate has its own life independent of who is managing it. | We have the complete set of data on Government borrowing, all the way back to the 1940s. All political parties have faced their fair share of debt through the years - almost as if the economic climate has its own life independent of who is managing it. |
What is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap between what's coming into the government in taxes and receipts versus what's being spent. Most commentators look at net borrowing as the deficit figure, because it includes investment spending. It's different to the national debt - which is the total the country owes. | What is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap between what's coming into the government in taxes and receipts versus what's being spent. Most commentators look at net borrowing as the deficit figure, because it includes investment spending. It's different to the national debt - which is the total the country owes. |
So last month the budget was in deficit. Here are the key facts for September - if you exclude the temporary effects of the financial interventions in the banks: | |
/>• | Public sector net borrowing was £12.8bn in September 2012; this is £ 0.7bn lower net borrowing than in September 2011, when net borrowing was £13.5bn />• Public sector current budget deficit was £11.2bn in September 2012; this is a £0.4bn lower deficit than in September 2011, when there was a deficit of £11.6bn />• Public sector net debt was £1,065.4bn at the end of September 2012, equivalent to 67.9% of gross domestic product (GDP) - excluding the bank bailouts />• In 2011/12 public sector net borrowing was £121.6bn; this is £4.4 billion lower than the Office for Budget Responsibility (OBR) forecasted net borrowing for 2011/12 of £126.0bn |
The ONS data below shows monthly, quarterly and annual debt and deficit - what can you do with it? | The ONS data below shows monthly, quarterly and annual debt and deficit - what can you do with it? |
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