Provisional estimates of the public finances show that in August 2009 the public sector had:
⢠a current budget deficit of £12.8 billion;
⢠net borrowing of £16.1 billion
and at the end of August 2009:
⢠net debt was £804.8 billion, equivalent to 57.5 per cent of gross domestic product.
Thank god Gordon's running the shop. I'd hate to think how bad it would have been if New Labour was not at the helm.
⢠a current budget deficit of £12.8 billion;
⢠net borrowing of £16.1 billion
and at the end of August 2009:
⢠net debt was £804.8 billion, equivalent to 57.5 per cent of gross domestic product.

Public Sector : £12.8bn current budget deficit August
The public sector showed a deficit on current budget of £12.8 billion in August 2009, compared with a surplus of £7.7 billion in August 2008.
More generally, the public sector recorded deficits between 1991/92 and 1997/98 before moving into surplus in 1998/99. Deficits have been recorded since 2002/03.
An alternative measure of the public sector fiscal position is public sector net borrowing. This additionally takes account of capital investment. In August 2009, there was net borrowing of £16.1 billion, which compares with borrowing of £9.9 billion in August 2008. The Budget forecast for 2009/10 is net borrowing of £175 billion.
Public sector net debt, expressed as a percentage of gross domestic product (GDP), was 57.5 per cent at the end of August 2009, compared with 44.0 per cent at end of August 2008. Net debt was £804.8 billion at the end of August compared with £632.8 billion a year earlier.
The most recent figures for public sector net debt excluding Financial sector intervention are for June 2009, when net debt was £658.2 billion (46.9 per cent of GDP).
The public sector showed a deficit on current budget of £12.8 billion in August 2009, compared with a surplus of £7.7 billion in August 2008.
More generally, the public sector recorded deficits between 1991/92 and 1997/98 before moving into surplus in 1998/99. Deficits have been recorded since 2002/03.
An alternative measure of the public sector fiscal position is public sector net borrowing. This additionally takes account of capital investment. In August 2009, there was net borrowing of £16.1 billion, which compares with borrowing of £9.9 billion in August 2008. The Budget forecast for 2009/10 is net borrowing of £175 billion.
Public sector net debt, expressed as a percentage of gross domestic product (GDP), was 57.5 per cent at the end of August 2009, compared with 44.0 per cent at end of August 2008. Net debt was £804.8 billion at the end of August compared with £632.8 billion a year earlier.
The most recent figures for public sector net debt excluding Financial sector intervention are for June 2009, when net debt was £658.2 billion (46.9 per cent of GDP).