Economic Calendar

Thursday, February 19, 2009

U.K. January Public Sector Finances: Summary (Table)

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By Harumi Ichikura

Feb. 19 (Bloomberg) -- Following is a summary of UK public sector finances for January from the Office for National Statistics in London:


=============================================================================
Jan. Dec. Nov. Oct. Sept. Jan.
2009 2008 2008 2008 2008 2008
=============================================================================
------------------ Public Sector ------------------
PSNCR -25,084 19,896 8,712 -4,969 12,960 -25,513
PSNCR FYTD* 20.1 45.2 25.3 16.6 21.5 8.5
Current budget 8,372 -13,314 -12,682 973 -6,394 15,348
Net investment 5,032 3,218 2,442 2,927 2,396 1,432
PSNB -3,340 16,532 15,124 1,954 8,790 -13,916
PSNB FYTD* 67.2 70.5 54.0 38.9 36.9 23.1
Net debt* 703.4 727.3 702.2 692.6 695.7 607.8
Net debt % GDP 47.8% 49.5% 47.8% 47.2% 47.5% 42.2%
=============================================================================
Note: All figures are in GBP million except where specified.
Net investment minus surplus on current budget = net borrowing
* = GBP Billions
FYTD = Financial Year to Date

Note2: Royal Bank of Scotland and Lloyds Banking Group is classified as public
corporations from October 13, 2008.
The classification of Royal Bank of Scotland to the public sector means that its
recapitalisation in December is now scored as a transfer of funds from one part
of the public sector to another, with resulting downward revisions of nearly
20 billion pounds to public corporations and public sector net cash
requirements,
and to public sector net debt.


SOURCE: The Office for National Statistics

To contact the reporter on this story: Harumi Ichikura in London at hichikura@bloomberg.net



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