UK_Public_sector_finances

UK_Public_sector_finances

UK Public sector finances – borrowing level and as a % of GDP

ACCording to the ONS, Public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending (current expenditure plus net investment (capital spending less capital receipts)). Public sector net borrowing is often referred to by commentators as “the deficit”.