UK June Public Sector Net Borrowing Requirement 21 July 2016
- +9.41bln prev
- net banks 7.8bln vs 9.9bln prev
- PSNCR GBP 14.855 bln vs 4.688 bln prev
- central govt NCR GBP 20.0bln vs 7.5bln prev
Public Sector Net Borrowing measures the difference in value between spending and income for public corporations, the central government, and local governments during the previous month. A positive number indicates a budget deficit, while a negative number indicates a surplus.
The Public Sector Net Cash Requirement equals the central government net cash requirement (including borrowing from the market for on-lending to local authorities and public corporations) plus local authorities contributions. I.e. their market and overseas borrowing, measured net of their purchases of other public sector debt.
GBP lower as market focusses on softer retail sales data.
Say the ONS:
The data presented in this bulletin presents the latest fiscal position of the public sector as at 30 June 2016 and does not reflect any significant impact of the EU Referendum result announced on 24 June 2016. Estimates for the latest period always contain a substantial element of forecast information which currently reflect pre-referendum assumptions.
Full report here
