Public Finances: Key Economic Indicators

Published Friday, January 22, 2016

Latest data on net borrowing and net debt.

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Net borrowing was 13% lower in the first 9 months of 2015/16 compared to the same period in 2014/15. The OBR expects borrowing to fall by around 22% in 2015/16.

The OBR expect net debt to fall, as a % of GDP, in each year of this Parliament. The fiscal watchdog expects debt to fall from over 80% of GDP in 2015/16 to around 71% by 2020/21.

The OBR’s forecasts from November 2015 include the ONS’s decision to reclassify housing associations from the private sector to the public sector. The ONS will backdate the reclassification to actual figures early in 2016. Until this is done forecasts shown here are not comparable to past actual figures.

Public sector net borrowing, % GDP

Public sector net debt, % GDP

 

 

Commons Briefing papers SN02812

Author: Matthew Keep

Topics: Economic situation, Public expenditure

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